Squarepoint Ops LLC Acquires 37,924 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Squarepoint Ops LLC boosted its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 102.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 74,886 shares of the company’s stock after acquiring an additional 37,924 shares during the quarter. Squarepoint Ops LLC’s holdings in Blue Owl Capital were worth $1,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $10,833,000. Cruiser Capital Advisors LLC acquired a new position in Blue Owl Capital during the 4th quarter worth $221,000. Greenwich Investment Management Inc. bought a new position in Blue Owl Capital in the 4th quarter valued at $2,072,000. Chilton Investment Co. Inc. acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at $471,000. Finally, Palogic Value Management L.P. bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $1,288,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James cut Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Truist Financial cut their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Wells Fargo & Company cut their price objective on shares of Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.94.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the transaction, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by insiders.

Blue Owl Capital Stock Up 0.7 %

Shares of NYSE OBDC opened at $14.81 on Friday. Blue Owl Capital Co. has a 52-week low of $12.99 and a 52-week high of $16.91. 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 stock has a market cap of $5.77 billion, a P/E ratio of 7.48 and a beta of 0.87. The firm has a 50 day moving average price of $14.81 and a 200 day moving average price of $15.48.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $396.76 million during the quarter, compared to analyst estimates of $388.84 million. Analysts expect that Blue Owl Capital Co. will post 1.91 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.06 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Monday, September 30th. Blue Owl Capital’s dividend payout ratio is 74.75%.

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.