Carmel Capital Partners LLC Raises Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Carmel Capital Partners LLC boosted its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 170,987 shares of the company's stock after buying an additional 19,108 shares during the quarter. Blue Owl Capital accounts for about 1.0% of Carmel Capital Partners LLC's holdings, making the stock its 14th biggest holding. Carmel Capital Partners LLC's holdings in Blue Owl Capital were worth $2,585,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also made changes to their positions in OBDC. Wealth Enhancement Advisory Services LLC grew its position in Blue Owl Capital by 35.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,105 shares of the company's stock valued at $570,000 after acquiring an additional 10,298 shares in the last quarter. US Bancorp DE grew its holdings in shares of Blue Owl Capital by 226.3% in the third quarter. US Bancorp DE now owns 18,988 shares of the company's stock valued at $277,000 after purchasing an additional 13,168 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Blue Owl Capital by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,987 shares of the company's stock worth $189,000 after buying an additional 3,998 shares during the period. Dudley Capital Management LLC lifted its holdings in Blue Owl Capital by 6.2% during the 3rd quarter. Dudley Capital Management LLC now owns 64,320 shares of the company's stock worth $937,000 after buying an additional 3,750 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC boosted its position in Blue Owl Capital by 96.8% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company's stock valued at $3,054,000 after buying an additional 103,123 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Blue Owl Capital

In other news, Director Chris Temple acquired 15,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now owns 51,000 shares in the company, valued at $754,800. This represents a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by company insiders.

Blue Owl Capital Stock Performance

Shares of OBDC stock traded down $0.22 during trading hours on Monday, hitting $14.78. The stock had a trading volume of 2,693,265 shares, compared to its average volume of 2,151,755. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The firm has a market capitalization of $7.55 billion, a PE ratio of 9.66 and a beta of 0.85. The stock's 50 day moving average is $15.08 and its 200 day moving average is $15.03. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share 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 analysts' expectations 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, research 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.35%. The ex-dividend date is Monday, March 31st. Blue Owl Capital's dividend payout ratio (DPR) is presently 96.73%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on OBDC shares. Keefe, Bruyette & Woods raised Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a report on Friday, February 21st. Royal Bank of Canada restated an "outperform" rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. 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. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average price target of $16.08.

Blue Owl Capital Company 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.