Blue Owl Capital Co. (NYSE:OBDC) Stock Holdings Lifted by DNB Asset Management AS

DNB Asset Management AS raised its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 16.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 224,951 shares of the company’s stock after purchasing an additional 31,364 shares during the period. DNB Asset Management AS owned 0.06% of Blue Owl Capital worth $3,455,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in OBDC. Ballentine Partners LLC bought a new position in Blue Owl Capital during the fourth quarter valued at about $433,000. International Assets Investment Management LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth about $2,180,000. Arkadios Wealth Advisors bought a new stake in Blue Owl Capital during the 4th quarter valued at approximately $348,000. Sowell Financial Services LLC acquired a new stake in Blue Owl Capital in the 4th quarter valued at approximately $323,000. Finally, Prime Capital Investment Advisors LLC bought a new position in Blue Owl Capital in the 4th quarter worth approximately $405,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC opened at $14.97 on Wednesday. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 7.48 and a beta of 0.87. The business’s fifty day moving average price is $15.71 and its two-hundred day moving average price is $15.55. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. The firm had revenue of $399.58 million for the quarter, compared to analyst estimates of $399.16 million. As a group, analysts predict that Blue Owl Capital Co. will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.05 per share. This represents a dividend yield of 10%. The ex-dividend date of this dividend was Friday, May 31st. Blue Owl Capital’s payout ratio is 74.75%.

Analyst Ratings Changes

OBDC has been the topic of a number of research reports. Hovde Group boosted their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Truist Financial increased their target price on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 23rd. Finally, Royal Bank of Canada boosted their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.19.

Blue Owl Capital 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.