Blue Owl Capital Co. (NYSE:OBDC) Short Interest Update

Blue Owl Capital Co. (NYSE:OBDC) experienced a notable rise in short interest during March. By March 15th, short interest had surged to 5,160,000 shares, reflecting a 54.5% increase from the 3,340,000 shares reported on February 28th. Currently, 1.1% of the company’s shares are sold short. Given the average daily trading volume of 3,490,000 shares, the days-to-cover ratio stands at 1.5 days.

Blue Owl Capital Stock Performance

On Friday, shares of Blue Owl Capital traded down by $0.27, reaching a price of $15.05. A total of 3,046,054 shares changed hands, compared to its usual trading volume of 2,341,474. The stock has a 12-month low of $13.98 and a high of $16.91. The company maintains a debt-to-equity ratio of 1.25, a current ratio of 1.19, and a quick ratio of 1.28. With a market capitalization of $7.69 billion, Blue Owl Capital presents a P/E ratio of 9.83 and a beta of 0.85. Its 50-day and 200-day moving averages are both slightly above at $15.05 and $15.03, respectively.

Blue Owl Capital Dividend Announcement

The company has also announced a quarterly dividend scheduled for payment on Tuesday, April 15th. Shareholders recorded by Monday, March 31st, will receive a dividend of $0.05 per share, amounting to an annualized dividend of $0.20 and a yield of 1.33%. The ex-dividend date is set for March 31st, and Blue Owl Capital's payout ratio is a high 96.73%.

Insider Buying and Selling

In another development, Director Chris Temple acquired 15,000 shares of Blue Owl Capital on March 6th for an average price of $14.80 each, totaling $222,000. This purchase increased his stake in the company to 51,000 shares, valued at approximately $754,800, marking a 41.67% rise in his ownership. This transaction was disclosed in a filing with the Securities and Exchange Commission (SEC). Insiders currently hold 0.12% of the firm's stock.

Institutional Inflows and Outflows

Various institutional investors have made recent adjustments to their Blue Owl Capital holdings. Fifth Third Bancorp increased its position in the company by 192.2% in the fourth quarter, now owning 2,922 shares worth about $44,000 after adding 1,922 shares. Similarly, Anchor Investment Management LLC raised its holdings by 100%, owning 3,000 shares valued at $45,000 after purchasing an additional 1,500 shares. Other firms such as Brown Brothers Harriman & Co. and National Bank of Canada FI have also increased or initiated their stakes in Blue Owl Capital, which now has 42.83% of its shares owned by institutional investors.

Analyst Upgrades and Downgrades

Research analysts have issued various ratings for OBDC. JMP Securities maintained an “outperform” rating, while Keefe, Bruyette & Woods upgraded the stock from “moderate sell” to “hold.” Citizens JMP has given it a “strong-buy” rating, and Wells Fargo upgraded its rating from “underweight” to “equal weight,” increasing the target price from $14.00 to $15.00. Currently, the stock has been assigned an average rating of “Moderate Buy” with a target price of $16.17 according to MarketBeat data.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company focused on direct and fund of fund investments. The firm invests in various lending types, such as senior secured loans and equity-related securities, aiming for a diverse portfolio.

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