Gabelli Funds LLC Takes Position in Blue Owl Capital Co. (NYSE:OBDC)

Gabelli Funds LLC bought a new position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,916 shares of the company's stock, valued at approximately $452,000.

A number of other hedge funds have also recently added to or reduced their stakes in OBDC. Stephens Inc. AR lifted its stake in shares of Blue Owl Capital by 3.3% in the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company's stock valued at $50,294,000 after purchasing an additional 106,722 shares during the period. Sound Income Strategies LLC lifted its position in shares of Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after acquiring an additional 182,002 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Blue Owl Capital by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock worth $36,843,000 after acquiring an additional 174,759 shares in the last quarter. Generali Asset Management SPA SGR purchased a new position in Blue Owl Capital in the 4th quarter valued at approximately $34,103,000. Finally, Sage Advisors LLC raised its holdings 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 worth $31,379,000 after purchasing an additional 78,403 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of Blue Owl Capital stock in a transaction that occurred on Thursday, March 6th. The stock was purchased 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 of the company's stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by company insiders.

Blue Owl Capital Trading Up 2.2 %

OBDC traded up $0.30 on Tuesday, reaching $13.79. 2,797,661 shares of the company's stock were exchanged, compared to its average volume of 2,556,325. The company has a market cap of $7.05 billion, a price-to-earnings ratio of 9.01 and a beta of 0.73. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a twelve month low of $12.11 and a twelve month high of $16.91. The company's 50 day moving average is $14.53 and its 200-day moving average is $14.88.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced 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. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The firm had revenue of $394.39 million during the quarter, compared to analysts' expectations of $395.24 million. Equities analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.45%. The ex-dividend date was Monday, March 31st. Blue Owl Capital's dividend payout ratio (DPR) is presently 96.73%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Jefferies Financial Group initiated coverage on Blue Owl Capital in a research note on Friday, April 11th. They set a "buy" rating and a $16.00 price objective on the stock. Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Keefe, Bruyette & Woods cut 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 report on Tuesday, April 8th. Finally, Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average 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.