Wells Fargo & Company MN Purchases 159,946 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Wells Fargo & Company MN lifted its position in Blue Owl Capital Co. (NYSE:OBDC) by 17.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,065,947 shares of the company’s stock after buying an additional 159,946 shares during the period. Wells Fargo & Company MN owned about 0.27% of Blue Owl Capital worth $16,117,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in OBDC. Fifth Third Bancorp boosted its stake in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after purchasing an additional 1,922 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in shares of Blue Owl Capital during the fourth quarter valued at $48,000. National Bank of Canada FI boosted its position in shares of Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after buying an additional 2,460 shares during the last quarter. Westend Capital Management LLC increased its holdings in Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares in the last quarter. Finally, Millstone Evans Group LLC purchased a new position in Blue Owl Capital in the 4th quarter worth about $76,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insider Activity at Blue Owl Capital

In related news, Director Chris Temple bought 15,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now owns 51,000 shares in the company, valued at $754,800. This trade represents a 41.67 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have 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 raised their price target for the company from $14.00 to $15.00 in a report on Monday, March 17th. Keefe, Bruyette & Woods cut their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Jefferies Financial Group started coverage on Blue Owl Capital in a research report on Friday. They issued a “buy” rating and a $16.00 target price on the stock. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

Blue Owl Capital Trading Up 1.1 %

Shares of Blue Owl Capital stock opened at $13.42 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The company has a fifty day moving average of $14.70 and a 200 day moving average of $14.92. The company has a market capitalization of $6.86 billion, a P/E ratio of 8.77 and a beta of 0.73. Blue Owl Capital Co. has a fifty-two week low of $12.11 and a fifty-two week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted 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 business had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. On average, sell-side analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s payout ratio is 96.73%.

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.