Catalyst Funds Management Pty Ltd Makes New Investment in Blue Owl Capital Co. (NYSE:OBDC)

Catalyst Funds Management Pty Ltd acquired a new position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,400 shares of the company's stock, valued at approximately $278,000.

Several other institutional investors have also recently made changes to their positions in OBDC. First National Trust Co grew its holdings in Blue Owl Capital by 2.5% during the fourth quarter. First National Trust Co now owns 145,021 shares of the company's stock worth $2,193,000 after acquiring an additional 3,497 shares during the period. Atala Financial Inc purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $416,000. Avantax Advisory Services Inc. grew its stake in shares of Blue Owl Capital by 15.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 36,396 shares of the company's stock worth $550,000 after purchasing an additional 4,960 shares during the period. Truvestments Capital LLC increased its holdings in shares of Blue Owl Capital by 6.3% during the 4th quarter. Truvestments Capital LLC now owns 205,179 shares of the company's stock valued at $3,102,000 after purchasing an additional 12,165 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Blue Owl Capital by 12.8% in the 4th quarter. Farther Finance Advisors LLC now owns 14,650 shares of the company's stock valued at $222,000 after purchasing an additional 1,663 shares during the period. Hedge funds and other institutional investors own 42.83% of the company's stock.

Analyst Upgrades and Downgrades

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

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Insider Transactions at Blue Owl Capital

In other news, Director Chris Temple purchased 15,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, for a total transaction 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 represents a 41.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company's stock.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded up $0.07 during midday trading on Thursday, hitting $15.06. The company's stock had a trading volume of 3,817,094 shares, compared to its average volume of 3,481,157. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. 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 has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The business's 50 day simple moving average is $15.01 and its 200 day simple moving average is $15.01.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The business had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. On average, analysts forecast that Blue Owl Capital Co. will post 1.71 EPS 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. Shareholders of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital's dividend payout ratio (DPR) is presently 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.