Short Interest in Blue Owl Capital Co. (NYSE:OBDC) Increases By 54.5%

Blue Owl Capital Co. (NYSE:OBDC) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 5,160,000 shares, an increase of 54.5% from the February 28th total of 3,340,000 shares. Currently, 1.1% of the company’s stock are short sold. Based on an average trading volume of 3,490,000 shares, the days-to-cover ratio is currently 1.5 days.

Blue Owl Capital Stock Performance

NYSE OBDC traded down $0.27 during midday trading on Friday, hitting $15.05. The company had a trading volume of 3,046,054 shares, compared to its average volume of 2,341,474. The firm has a fifty day simple moving average of $15.05 and a two-hundred day simple moving average of $15.03. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 9.83 and a beta of 0.85. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. Blue Owl Capital has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

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

Blue Owl Capital Announces Dividend

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

Insider Buying and Selling at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the acquisition, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently added to or reduced their stakes in OBDC. Rockefeller Capital Management L.P. boosted its stake in Blue Owl Capital by 9.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 524,155 shares of the company’s stock valued at $7,637,000 after buying an additional 43,770 shares in the last quarter. Captrust Financial Advisors boosted its stake in shares of Blue Owl Capital by 78.3% in the 3rd quarter. Captrust Financial Advisors now owns 22,389 shares of the company’s stock valued at $326,000 after purchasing an additional 9,833 shares in the last quarter. Tradition Wealth Management LLC grew its holdings in shares of Blue Owl Capital by 2.3% in the 3rd quarter. Tradition Wealth Management LLC now owns 131,941 shares of the company’s stock worth $1,922,000 after purchasing an additional 2,946 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Blue Owl Capital by 18.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,259 shares of the company’s stock valued at $193,000 after purchasing an additional 2,052 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in Blue Owl Capital by 8.5% in the third quarter. Stifel Financial Corp now owns 878,953 shares of the company’s stock valued at $12,806,000 after buying an additional 69,042 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OBDC shares. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. 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. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Wells Fargo & Company upgraded 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 note on Monday, March 17th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.