Y Intercept Hong Kong Ltd Reduces Stake in Blue Owl Capital Co. (NYSE:OBDC)

Y Intercept Hong Kong Ltd cut its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 77.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,765 shares of the company’s stock after selling 47,691 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Blue Owl Capital were worth $208,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp lifted its position in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after buying an additional 1,922 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after acquiring an additional 2,460 shares during the period. Westend Capital Management LLC lifted its holdings in shares of Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after acquiring an additional 1,784 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter worth about $77,000. Finally, Balboa Wealth Partners bought a new position in Blue Owl Capital during the 3rd quarter valued at about $169,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Down 0.9 %

Shares of NYSE:OBDC opened at $14.85 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The business’s 50 day moving average is $15.12 and its 200 day moving average is $15.03. The stock has a market cap of $7.58 billion, a P/E ratio of 9.70 and a beta of 0.83. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The firm had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Sell-side analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OBDC. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $16.08.

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.