Northern Trust Corp Has $2.20 Million Stake in Blue Owl Capital Co. (NYSE:OBDC)

Northern Trust Corp trimmed its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 84.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 145,202 shares of the company’s stock after selling 812,986 shares during the quarter. Northern Trust Corp’s holdings in Blue Owl Capital were worth $2,195,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Generali Asset Management SPA SGR bought a new stake in Blue Owl Capital during the fourth quarter worth $34,103,000. Raymond James Financial Inc. bought a new stake in Blue Owl Capital during the fourth quarter worth $28,434,000. Boston Partners grew its holdings in Blue Owl Capital by 76.6% during the fourth quarter. Boston Partners now owns 1,648,101 shares of the company’s stock worth $24,823,000 after buying an additional 714,940 shares in the last quarter. Demars Financial Group LLC grew its holdings in Blue Owl Capital by 1,517.2% during the fourth quarter. Demars Financial Group LLC now owns 458,665 shares of the company’s stock worth $6,935,000 after buying an additional 430,303 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Blue Owl Capital by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company’s stock worth $36,843,000 after buying an additional 174,759 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on OBDC shares. B. Riley started coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They issued a “buy” rating and a $15.00 price objective for the company. Jefferies Financial Group started coverage on Blue Owl Capital in a research note on Friday, April 11th. They issued a “buy” rating and a $16.00 price objective for the company. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods reduced their price objective on Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Finally, JMP Securities restated 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 three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Buy” and an average target price of $15.64.

Blue Owl Capital Stock Up 0.7%

OBDC stock opened at $14.34 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 9.37 and a beta of 0.71. Blue Owl Capital Co. has a fifty-two week low of $12.11 and a fifty-two week high of $16.91. The stock has a fifty day moving average of $14.15 and a 200-day moving average of $14.75.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $464.65 million for the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. As a group, equities research analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, June 13th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 11.51%. Blue Owl Capital’s payout ratio is 95.48%.

Insider Buying and Selling

In related 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 acquired at an average price of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now owns 51,000 shares of the company’s stock, valued at approximately $754,800. This trade represents a 41.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by insiders.

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.