HighTower Advisors LLC Purchases 129,509 Shares of Blue Owl Capital Co. (NYSE:OBDC)

HighTower Advisors LLC grew its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 773,175 shares of the company's stock after purchasing an additional 129,509 shares during the period. HighTower Advisors LLC owned about 0.20% of Blue Owl Capital worth $11,690,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in Blue Owl Capital by 192.2% during 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 boosted its position 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 boosted its position in shares of Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock valued at $73,000 after acquiring an additional 1,784 shares during the period. Venturi Wealth Management LLC purchased a new stake in Blue Owl Capital in the fourth quarter valued at approximately $77,000. Finally, Canton Hathaway LLC purchased a new stake in Blue Owl Capital in the fourth quarter valued at approximately $84,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.12% of the stock is owned by insiders.

Remove Ads

Blue Owl Capital Stock Up 0.5 %

Shares of OBDC stock traded up $0.07 during mid-day trading on Thursday, reaching $15.06. 3,815,726 shares of the company's stock traded hands, compared to its average volume of 2,251,307. The company has a market cap of $7.69 billion, a P/E ratio of 9.84 and a beta of 0.85. The company's 50-day moving average price is $15.01 and its 200-day moving average price is $15.01. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25.

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 (EPS) 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 company had revenue of $394.39 million for the quarter, compared to analysts' expectations of $395.24 million. On average, equities analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Monday, March 31st. Blue Owl Capital's dividend payout ratio (DPR) is 96.73%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OBDC shares. Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $14.00 to $15.00 in a research note on Monday. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research note on Friday, February 21st. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Finally, JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Three 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's stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus price target of $16.17.

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.