Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Dudley Capital Management LLC

Dudley Capital Management LLC lowered its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 62,820 shares of the company’s stock after selling 1,500 shares during the quarter. Dudley Capital Management LLC’s holdings in Blue Owl Capital were worth $950,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of OBDC. Sound Income Strategies LLC boosted its position in shares of Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after purchasing an additional 182,002 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Blue Owl Capital by 11.2% in the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock valued at $11,116,000 after acquiring an additional 74,959 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $814,000. Arkadios Wealth Advisors increased its holdings in shares of Blue Owl Capital by 80.9% in the 4th quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company’s stock valued at $759,000 after acquiring an additional 22,440 shares during the period. Finally, Acorn Creek Capital LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at $325,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now directly 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 acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $15.24 on Tuesday. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of 9.96 and a beta of 0.85. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The business has a 50-day moving average of $15.03 and a 200-day moving average of $15.02.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) 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 the consensus estimate of $395.24 million. On average, equities analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company 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 dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

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.