3 days Ago By ABMN Staff
Zions Bancorporation N.A. purchased a new position in Blue Owl Capital Co.
( NYSE:OBDC – Free Report ) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,000 shares of the company’s stock, valued at approximately $61,000. Several other institutional investors have also recently added to or reduced their stakes in the stock.
Headlands Technologies LLC raised its stake in Blue Owl Capital by 3,541.7% during the second quarter. Headlands Technologies LLC now owns 93,555 shares of the company’s stock valued at $1,437,000 after buying an additional 90,986 shares in the last quarter.
Choreo LLC acquired a new stake in shares of Blue Owl Capital during the 2nd quarter valued at approximately $1,140,000. Wedbush Securities Inc. lifted its stake in Blue Owl Capital by 13.
2% during the second quarter. Wedbush Securities Inc. now owns 32,671 shares of the company’s stock worth $502,000 after purchasing an additional 3,813 shares during the last quarter.
LSV Asset Management boosted its holdings in Blue Owl Capital by 10.4% in the second quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock worth $69,012,000 after purchasing an additional 423,934 shares during the period.
Finally, Certuity LLC increased its stake in Blue Owl Capital by 1.8% during the second quarter. Certuity LLC now owns 62,858 shares of the company’s stock valued at $965,000 after purchasing an additional 1,083 shares during the last quarter.
42.83% of the stock is owned by institutional investors and hedge funds. Analysts Set New Price Targets Several research firms have recently commented on OBDC.
Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a report on Monday, August 12th. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th.
Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Truist Financial reduced their price objective on Blue Owl Capital from $18.00 to $17.
00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, Keefe, Bruyette & Woods dropped their target price on Blue Owl Capital from $16.00 to $15.
50 and set a “market perform” rating on the stock in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.
com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $15.94. Insider Activity In other news, Director Edward H.
Dalelio acquired 2,500 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $15.02 per share, for a total transaction of $37,550.
00. Following the completion of the acquisition, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32.
The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link . 0.12% of the stock is owned by insiders.
Blue Owl Capital Price Performance Shares of OBDC opened at $14.80 on Monday. Blue Owl Capital Co.
has a one year low of $12.99 and a one year high of $16.91.
The stock’s fifty day moving average is $15.02 and its 200-day moving average is $15.52.
The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.
84. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 7.
47 and a beta of 0.87. Blue Owl Capital ( NYSE:OBDC – Get Free Report ) last announced its earnings results on Wednesday, August 7th.
The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.
01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.
66%. The firm had revenue of $396.76 million during the quarter, compared to analyst estimates of $388.
84 million. Equities analysts anticipate that Blue Owl Capital Co. will post 1.
93 EPS for the current year. Blue Owl Capital Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.
06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.
62%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05.
The ex-dividend date is Monday, September 30th. Blue Owl Capital’s dividend payout ratio is 74.75%.
Blue Owl Capital Company Profile ( 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.
Recommended Stories Want to see what other hedge funds are holding OBDC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Blue Owl Capital Co. ( NYSE:OBDC – Free Report ).
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