Acorn Creek Capital LLC Invests $325,000 in Blue Owl Capital Co. (NYSE:OBDC)

Acorn Creek Capital LLC purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 21,512 shares of the company's stock, valued at approximately $325,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OBDC. Epiq Partners LLC raised its holdings in shares of Blue Owl Capital by 3.0% during the fourth quarter. Epiq Partners LLC now owns 410,230 shares of the company's stock worth $6,203,000 after acquiring an additional 11,987 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $976,000. Blue Trust Inc. grew its stake in shares of Blue Owl Capital by 9.5% in the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock valued at $222,000 after buying an additional 1,321 shares in the last quarter. Kingswood Wealth Advisors LLC increased its holdings in Blue Owl Capital by 89.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company's stock worth $3,915,000 after buying an additional 121,947 shares during the last quarter. Finally, Register Financial Advisors LLC raised its position in Blue Owl Capital by 19.9% during the fourth quarter. Register Financial Advisors LLC now owns 12,261 shares of the company's stock valued at $185,000 after acquiring an additional 2,033 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Wall Street Analyst Weigh In

OBDC has been the topic of several analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Wells Fargo & Company boosted their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods restated an "underperform" rating and issued a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.92.

Blue Owl Capital Trading Up 1.3 %

Blue Owl Capital stock traded up $0.20 during trading hours on Tuesday, reaching $15.04. 1,750,972 shares of the company's stock traded hands, compared to its average volume of 2,507,942. The firm's 50 day moving average is $15.12 and its 200-day moving average is $15.00. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 9.33 and a beta of 0.84. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $406.03 million during the quarter, compared to the consensus estimate of $399.85 million. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. During the same period in the previous year, the company posted $0.49 EPS. On average, analysts predict that Blue Owl Capital Co. will post 1.89 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.84%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.06. Blue Owl Capital's payout ratio is presently 91.93%.

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.