Advisors Asset Management Inc. Acquires 68,738 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Advisors Asset Management Inc. raised its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 20.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 403,513 shares of the company's stock after purchasing an additional 68,738 shares during the quarter. Advisors Asset Management Inc. owned 0.10% of Blue Owl Capital worth $6,101,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC boosted its holdings in shares of Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock worth $45,727,000 after purchasing an additional 182,002 shares during the period. Franklin Resources Inc. grew its holdings in shares of Blue Owl Capital by 11.2% during the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock valued at $11,116,000 after acquiring an additional 74,959 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Blue Owl Capital in the fourth quarter worth $814,000. Arkadios Wealth Advisors increased its stake in shares of Blue Owl Capital by 80.9% in the fourth quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company's stock worth $759,000 after acquiring an additional 22,440 shares during the last quarter. Finally, Acorn Creek Capital LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $325,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Keefe, Bruyette & Woods raised Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research report on Friday, February 21st. Wells Fargo & Company upgraded Blue Owl Capital from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $14.00 to $15.00 in a report on Monday, March 17th. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Finally, JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.17.

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Blue Owl Capital Stock Performance

Blue Owl Capital stock traded up $0.26 on Monday, hitting $15.24. The company's stock had a trading volume of 5,589,681 shares, compared to its average volume of 2,300,975. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. The firm has a market cap of $7.79 billion, a P/E ratio of 9.96 and a beta of 0.85. 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 company has a fifty day moving average price of $15.02 and a 200-day moving average price of $15.01.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $394.39 million for the quarter, compared to analysts' expectations of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, equities analysts anticipate 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 announced 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 is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.31%. Blue Owl Capital's payout ratio is presently 96.73%.

Insider Buying and Selling

In other news, Director Chris Temple purchased 15,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.12% of the stock is owned by corporate insiders.

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.