ExodusPoint Capital Management LP Purchases New Holdings in Blue Owl Capital Co. (NYSE:OBDC)

ExodusPoint Capital Management LP bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 51,205 shares of the company’s stock, valued at approximately $774,000.

Other large investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors boosted its holdings in Blue Owl Capital by 78.3% in the 3rd quarter. Captrust Financial Advisors now owns 22,389 shares of the company’s stock valued at $326,000 after purchasing an additional 9,833 shares during the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Blue Owl Capital by 18.3% in the third quarter. Integrated Wealth Concepts LLC now owns 13,259 shares of the company’s stock valued at $193,000 after acquiring an additional 2,052 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Blue Owl Capital by 69.0% in the third quarter. Kovitz Investment Group Partners LLC now owns 16,900 shares of the company’s stock worth $246,000 after acquiring an additional 6,900 shares during the period. National Bank of Canada FI increased its stake in Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after acquiring an additional 2,460 shares during the last quarter. Finally, MML Investors Services LLC raised its position in Blue Owl Capital by 24.3% in the third quarter. MML Investors Services LLC now owns 28,277 shares of the company’s stock valued at $412,000 after purchasing an additional 5,533 shares during the period. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $13.28 on Friday. The company’s fifty day moving average price is $14.73 and its 200 day moving average price is $14.93. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. Blue Owl Capital Co. has a 12 month low of $12.11 and a 12 month high of $16.91. The firm has a market capitalization of $6.78 billion, a P/E ratio of 8.68 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.51%. Blue Owl Capital’s payout ratio is currently 96.73%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of Blue Owl Capital stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the acquisition, the director now owns 51,000 shares in the company, valued at $754,800. The trade was a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on OBDC shares. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods reduced their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $14.00 to $15.00 in a report on Monday, March 17th. Jefferies Financial Group initiated 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, Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.21.

About Blue Owl Capital

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.