Aquatic Capital Management LLC Grows Position in Blue Owl Capital Co. (NYSE:OBDC)

Aquatic Capital Management LLC increased its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 22.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 77,432 shares of the company’s stock after buying an additional 14,332 shares during the quarter. Aquatic Capital Management LLC’s holdings in Blue Owl Capital were worth $1,171,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Blue Owl Capital by 192.2% during the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after buying an additional 1,922 shares during the period. Anchor Investment Management LLC increased its stake in Blue Owl Capital by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock valued at $45,000 after purchasing an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in Blue Owl Capital in the fourth quarter valued at approximately $48,000. Westend Capital Management LLC increased its stake in Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after purchasing an additional 1,784 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in Blue Owl Capital in the fourth quarter valued at approximately $76,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of Blue Owl Capital stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the acquisition, the director now owns 51,000 shares in the company, valued at $754,800. The trade was a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by corporate insiders.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $14.19 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The stock has a fifty day moving average price of $14.40 and a 200 day moving average price of $14.86. Blue Owl Capital Co. has a 1-year low of $12.11 and a 1-year high of $16.91. The company has a market cap of $7.25 billion, a PE ratio of 9.27 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The firm had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Sell-side analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 96.73%.

Analyst Upgrades and Downgrades

Several brokerages have commented on OBDC. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They issued a “buy” rating and a $16.00 price target on the stock. Keefe, Bruyette & Woods dropped their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company dropped their price target on shares of Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.07.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.