Fox Run Management L.L.C. Has $888,000 Stake in Blue Owl Capital Co. (NYSE:OBDC)

Fox Run Management L.L.C. boosted its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 195.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,717 shares of the company’s stock after acquiring an additional 38,822 shares during the period. Fox Run Management L.L.C.’s holdings in Blue Owl Capital were worth $888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OBDC. Millstone Evans Group LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at about $76,000. Palogic Value Management L.P. raised its position in Blue Owl Capital by 7.8% in the fourth quarter. Palogic Value Management L.P. now owns 117,536 shares of the company’s stock worth $1,777,000 after purchasing an additional 8,553 shares in the last quarter. BluePointe Capital Management LLC raised its position in Blue Owl Capital by 11.9% in the fourth quarter. BluePointe Capital Management LLC now owns 144,940 shares of the company’s stock worth $2,243,000 after purchasing an additional 15,367 shares in the last quarter. Fiduciary Group LLC raised its position in Blue Owl Capital by 12.1% in the fourth quarter. Fiduciary Group LLC now owns 22,497 shares of the company’s stock worth $340,000 after purchasing an additional 2,436 shares in the last quarter. Finally, Boston Partners raised its position in Blue Owl Capital by 76.6% in the fourth quarter. Boston Partners now owns 1,648,101 shares of the company’s stock worth $24,823,000 after purchasing an additional 714,940 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Activity

In related news, Director Chris Temple purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares of the company’s stock, valued at $754,800. This trade represents 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 hyperlink. 0.12% of the stock is owned by insiders.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $15.02 on Friday. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 9.81 and a beta of 0.85. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The firm’s 50-day moving average price is $15.02 and its two-hundred day moving average price is $15.01.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data 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 net margin of 37.26% and a return on equity of 12.38%. The firm had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. On average, equities analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 96.73%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on OBDC shares. Wells Fargo & Company raised shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.17.

About Blue Owl Capital

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.