Jackson Thornton Wealth Management LLC acquired 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 filing with the SEC. The fund acquired 24,056 shares of the company's stock, valued at approximately $364,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fifth Third Bancorp raised its stake in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after buying an additional 1,922 shares during the last quarter. National Bank of Canada FI raised its position in shares of Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company's stock valued at $61,000 after purchasing an additional 2,460 shares during the last quarter. Westend Capital Management LLC boosted its stake in Blue Owl Capital by 58.8% in 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 in the last quarter. Millstone Evans Group LLC purchased a new stake in Blue Owl Capital during the 4th quarter worth approximately $76,000. Finally, Venturi Wealth Management LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at approximately $77,000. Hedge funds and other institutional investors own 42.83% of the company's stock.
Blue Owl Capital Stock Performance
Shares of NYSE:OBDC traded down $0.27 during trading on Friday, hitting $15.05. 3,046,054 shares of the stock traded hands, compared to its average volume of 2,341,474. 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 company has a fifty day moving average price of $15.05 and a two-hundred day moving average price of $15.02. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 9.83 and a beta of 0.85.
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 for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $394.39 million during the quarter, compared to analysts' expectations of $395.24 million. As a group, equities analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current year.
Blue Owl Capital Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. Blue Owl Capital's dividend payout ratio is currently 96.73%.
Insider Buying and Selling at Blue Owl Capital
In related news, Director Chris Temple purchased 15,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now owns 51,000 shares of the company's stock, valued at $754,800. This represents a 41.67 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the stock. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. 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 research note on Monday, March 17th. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research note on Friday, February 21st. Three analysts have rated the stock with 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.17.
Check Out Our Latest Stock Report on OBDC
Blue Owl Capital Company Profile
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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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