BlueStem Wealth Partners LLC purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 31,957 shares of the company's stock, valued at approximately $483,000.
A number of other large investors also recently bought and sold shares of the stock. Icon Wealth Advisors LLC raised its stake in shares of Blue Owl Capital by 3,524.0% in the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company's stock valued at $8,448,000 after acquiring an additional 563,800 shares during the period. Van ECK Associates Corp increased its holdings in Blue Owl Capital by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company's stock valued at $112,754,000 after purchasing an additional 347,155 shares in the last quarter. Sound Income Strategies LLC raised its position in Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after purchasing an additional 182,002 shares during the period. Kingswood Wealth Advisors LLC lifted its stake in shares of Blue Owl Capital by 89.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company's stock worth $3,915,000 after purchasing an additional 121,947 shares in the last quarter. Finally, Stephens Inc. AR boosted its position 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 worth $50,294,000 after buying an additional 106,722 shares during the period. Hedge funds and other institutional investors own 42.83% of the company's stock.
Blue Owl Capital Stock Performance
NYSE:OBDC traded down $0.14 during trading hours on Wednesday, reaching $14.85. 2,884,692 shares of the stock were exchanged, compared to its average volume of 2,137,502. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week 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. The stock has a market capitalization of $7.58 billion, a P/E ratio of 9.70 and a beta of 0.83. The firm has a 50 day simple moving average of $15.12 and a 200-day simple moving average of $15.03.
Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The firm had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. As a group, sell-side analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.
Blue Owl Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.35%. Blue Owl Capital's dividend payout ratio (DPR) is 96.73%.
Analyst Upgrades and Downgrades
Several research firms recently commented on OBDC. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research report on Friday, February 21st. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average target price of $16.08.
Get Our Latest Analysis on Blue Owl Capital
About Blue Owl Capital
(
Free Report)
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.
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