Ieq Capital LLC Takes Position in Blue Owl Capital Co. (NYSE:OBDC)

Ieq Capital LLC purchased a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 66,784 shares of the company's stock, valued at approximately $1,010,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp raised its position in shares of Blue Owl Capital by 192.2% during the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock worth $44,000 after acquiring an additional 1,922 shares during the last quarter. National Bank of Canada FI increased its position in Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company's stock worth $61,000 after purchasing an additional 2,460 shares during the period. Westend Capital Management LLC raised its holdings in Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock worth $73,000 after purchasing an additional 1,784 shares during the last quarter. Venturi Wealth Management LLC bought a new stake in Blue Owl Capital during the 4th quarter worth about $77,000. Finally, Balboa Wealth Partners acquired a new position in Blue Owl Capital during the 3rd quarter valued at about $169,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Analyst Upgrades and Downgrades

OBDC has been the subject of a number of recent research reports. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Royal Bank of Canada restated an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods raised Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $16.08.

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Blue Owl Capital Stock Up 2.1 %

Shares of NYSE:OBDC traded up $0.32 during mid-day trading on Friday, reaching $15.45. 4,908,232 shares of the stock were exchanged, compared to its average volume of 3,136,705. The stock's 50 day simple moving average is $15.13 and its 200-day simple moving average is $15.00. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. The company has a market cap of $6.03 billion, a P/E ratio of 10.10 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25.

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 the consensus estimate of $0.46 by $0.01. The company 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, equities research analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. 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.