Blue Owl Capital Co. (NYSE:OBDC – Get Free Report) was the recipient of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 4,190,000 shares, a drop of 23.4% from the September 30th total of 5,470,000 shares. Approximately 1.2% of the company’s shares are short sold. Based on an average daily volume of 1,940,000 shares, the short-interest ratio is currently 2.2 days.
Analyst Ratings Changes
OBDC has been the subject of several research reports. Truist Financial decreased their price target on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, August 9th. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Monday, August 12th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Finally, Wells Fargo & Company dropped their target price on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.94.
Blue Owl Capital Stock Down 0.3 %
Shares of NYSE:OBDC traded down $0.05 on Friday, reaching $15.15. The company had a trading volume of 1,101,608 shares, compared to its average volume of 1,963,892. The stock has a market capitalization of $5.91 billion, a P/E ratio of 8.46 and a beta of 0.87. The stock has a 50-day moving average price of $14.88 and a 200 day moving average price of $15.44. Blue Owl Capital has a twelve month low of $12.99 and a twelve month high of $16.91. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24.
Blue Owl Capital (NYSE:OBDC – Get Free Report) last posted its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The firm had revenue of $396.76 million during the quarter, compared to analyst estimates of $388.84 million. On average, equities analysts expect that Blue Owl Capital will post 1.91 EPS for the current year.
Blue Owl Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 1.58%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 82.68%.
Insider Buying and Selling
In other news, Director Edward H. Dalelio bought 2,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, with a total value of $37,550.00. Following the purchase, the director now directly owns 9,016 shares in the company, valued at $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The transaction 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 Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Citizens Financial Group Inc. RI acquired a new position in shares of Blue Owl Capital during the 1st quarter worth about $1,311,000. Cetera Investment Advisers grew its stake in shares of Blue Owl Capital by 154.4% in the first quarter. Cetera Investment Advisers now owns 111,707 shares of the company’s stock worth $1,718,000 after acquiring an additional 67,799 shares during the last quarter. Entropy Technologies LP raised its stake in Blue Owl Capital by 120.3% during the 1st quarter. Entropy Technologies LP now owns 102,083 shares of the company’s stock valued at $1,570,000 after purchasing an additional 55,755 shares during the last quarter. Granite FO LLC bought a new stake in Blue Owl Capital in the 2nd quarter valued at $1,226,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Blue Owl Capital in the 1st quarter worth $1,000,000. Institutional investors and hedge funds own 42.83% of the company’s stock.
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.