ExodusPoint Capital Management LP Invests $774,000 in Blue Owl Capital Co. (NYSE:OBDC)

ExodusPoint Capital Management LP acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, HoldingsChannel reports. The firm acquired 51,205 shares of the company’s stock, valued at approximately $774,000.

A number of other institutional investors have also modified their holdings of the company. Stephens Inc. AR boosted its stake in Blue Owl Capital by 3.3% in the 4th quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock worth $50,294,000 after buying an additional 106,722 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after purchasing an additional 182,002 shares during the period. JPMorgan Chase & Co. increased its position 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 purchasing an additional 174,759 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in Blue Owl Capital during the fourth quarter worth approximately $34,103,000. Finally, Sage Advisors LLC grew its position in Blue Owl Capital by 3.9% during the fourth quarter. Sage Advisors LLC now owns 2,075,330 shares of the company’s stock valued at $31,379,000 after acquiring an additional 78,403 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Trading Up 1.4 %

NYSE:OBDC opened at $13.28 on Friday. Blue Owl Capital Co. has a one year low of $12.11 and a one year high of $16.91. The business’s 50-day simple moving average is $14.73 and its 200 day simple moving average is $14.93. 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 stock has a market cap of $6.78 billion, a price-to-earnings ratio of 8.68 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. As a group, sell-side analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.51%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 96.73%.

Insider Transactions at Blue Owl Capital

In other news, Director Chris Temple acquired 15,000 shares of Blue Owl Capital stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares of the company’s stock, valued at $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods decreased their price objective on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a research note on Tuesday. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a report on Friday. They set a “buy” rating and a $16.00 target price on the stock. Finally, Wells Fargo & Company upgraded Blue Owl Capital from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $14.00 to $15.00 in a report on Monday, March 17th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

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.