IHT Wealth Management LLC Grows Position in Blue Owl Capital Co. (NYSE:OBDC)

IHT Wealth Management LLC grew its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 386.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 55,573 shares of the company's stock after buying an additional 44,147 shares during the quarter. IHT Wealth Management LLC's holdings in Blue Owl Capital were worth $840,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Sound Income Strategies LLC increased its stake 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 acquiring an additional 182,002 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Blue Owl Capital by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after buying an additional 174,759 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Blue Owl Capital by 11.2% in the third 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 during the period. FNY Investment Advisers LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth $814,000. Finally, Wells Fargo & Company MN boosted its holdings in Blue Owl Capital by 17.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,065,947 shares of the company's stock worth $16,117,000 after buying an additional 159,946 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Insider Transactions at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of the company's 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 transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OBDC. Jefferies Financial Group began coverage on Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 price target on the stock. JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday. Keefe, Bruyette & Woods dropped their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Finally, Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $16.07.

Blue Owl Capital Trading Up 0.5 %

NYSE OBDC traded up $0.07 during mid-day trading on Monday, reaching $14.33. 1,859,146 shares of the stock were exchanged, compared to its average volume of 2,561,714. The stock has a market capitalization of $7.32 billion, a PE ratio of 9.37 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 1-year low of $12.11 and a 1-year high of $16.91. The business's fifty day simple moving average is $14.45 and its 200 day simple moving average is $14.86.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 12.38% and a net margin of 37.26%. On average, research analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital's dividend payout ratio is currently 96.73%.

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.