713,593 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 713,593 shares of the company’s stock, valued at approximately $10,533,000. Sumitomo Mitsui Trust Holdings Inc. owned 0.18% of Blue Owl Capital at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Regents of The University of California purchased a new position in Blue Owl Capital in the fourth quarter valued at approximately $258,421,000. Sound Income Strategies LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth $36,311,000. Border to Coast Pensions Partnership Ltd purchased a new stake in Blue Owl Capital in the 4th quarter worth about $30,477,000. Next Capital Management LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at about $25,009,000. Finally, Raymond James & Associates purchased a new stake in Blue Owl Capital during the fourth quarter valued at about $12,765,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OBDC has been the topic of several research reports. JMP Securities reissued a “market outperform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Wells Fargo & Company increased their price objective on Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a report on Monday, January 29th. Finally, B. Riley lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price objective on the stock. in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.50.

Blue Owl Capital Price Performance

Shares of OBDC opened at $15.79 on Tuesday. The firm has a market cap of $6.15 billion, a PE ratio of 7.78 and a beta of 0.91. Blue Owl Capital Co. has a 1-year low of $12.20 and a 1-year high of $15.83. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18. The firm has a fifty day simple moving average of $15.24 and a two-hundred day simple moving average of $14.76.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. The firm had revenue of $411.23 million during the quarter, compared to analyst estimates of $397.42 million. On average, equities analysts anticipate that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio is currently 68.97%.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio acquired 3,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of $15.07 per share, with a total value of $45,210.00. Following the acquisition, the director now directly owns 6,217 shares of the company’s stock, valued at $93,690.19. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is owned by corporate insiders.

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.