GWN Securities Inc. Purchases New Shares in Blue Owl Capital Co. (NYSE:OBDC)

GWN Securities Inc. acquired a new position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 28,251 shares of the company's stock, valued at approximately $420,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Prime Capital Investment Advisors LLC lifted its position in Blue Owl Capital by 35.9% in the third quarter. Prime Capital Investment Advisors LLC now owns 20,315 shares of the company's stock valued at $296,000 after buying an additional 5,372 shares during the last quarter. Sage Advisors LLC lifted its holdings in shares of Blue Owl Capital by 3.7% in the 3rd quarter. Sage Advisors LLC now owns 1,996,927 shares of the company's stock worth $29,095,000 after acquiring an additional 71,503 shares during the last quarter. Gilbert & Cook Inc. increased its holdings in Blue Owl Capital by 3.5% in the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company's stock valued at $427,000 after purchasing an additional 1,000 shares during the last quarter. CAP Partners LLC raised its position in Blue Owl Capital by 16.9% in the third quarter. CAP Partners LLC now owns 17,476 shares of the company's stock valued at $255,000 after purchasing an additional 2,522 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Blue Owl Capital by 9.3% during the third quarter. PNC Financial Services Group Inc. now owns 63,747 shares of the company's stock worth $929,000 after purchasing an additional 5,415 shares in the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

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

Insider Transactions at Blue Owl Capital

In other news, Director Chris Temple bought 15,000 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, for a total transaction 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company's stock.

Blue Owl Capital Stock Up 0.5 %

Shares of Blue Owl Capital stock traded up $0.07 during trading on Thursday, hitting $15.06. 3,817,094 shares of the stock were exchanged, compared to its average volume of 3,481,157. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 9.84 and a beta of 0.85. The firm's 50-day moving average price is $15.01 and its 200 day moving average price is $15.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released 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. 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 analysts' expectations of $395.24 million. As a group, 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. Blue Owl Capital's payout ratio is currently 96.73%.

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.