Sumitomo Mitsui Trust Holdings Inc. Purchases 39,837 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Sumitomo Mitsui Trust Holdings Inc. boosted its position in Blue Owl Capital Co. (NYSE:OBDCFree Report) by 5.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 753,430 shares of the company’s stock after purchasing an additional 39,837 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.19% of Blue Owl Capital worth $11,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. State of New Jersey Common Pension Fund E bought a new stake in Blue Owl Capital during the 4th quarter valued at about $335,810,000. Regents of The University of California purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $258,421,000. Van ECK Associates Corp bought a new stake in Blue Owl Capital during the 4th quarter valued at $100,726,000. Transcend Capital Advisors LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at $56,354,000. Finally, LSV Asset Management purchased a new stake in shares of Blue Owl Capital in the 4th quarter worth $51,197,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Hovde Group lifted their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Royal Bank of Canada increased their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Tuesday, March 26th. Truist Financial upped their target price on Blue Owl Capital from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.19.

Check Out Our Latest Analysis on OBDC

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $15.39 on Wednesday. Blue Owl Capital Co. has a 12-month low of $12.99 and a 12-month high of $16.91. The business’s fifty day simple moving average is $16.12 and its 200-day simple moving average is $15.50. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.14. The company has a market cap of $6.00 billion, a PE ratio of 7.77 and a beta of 0.87.

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

Blue Owl Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were paid a $0.05 dividend. This represents a yield of 10%. The ex-dividend date of this dividend was Friday, May 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 74.75%.

About Blue Owl Capital

(Free Report)

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.

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Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OBDC)

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