NewEdge Wealth LLC increased its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 23.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 107,306 shares of the company's stock after buying an additional 20,612 shares during the period. NewEdge Wealth LLC's holdings in Blue Owl Capital were worth $1,622,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. boosted its position in Blue Owl Capital by 1.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock worth $1,014,000 after purchasing an additional 685 shares during the period. Amplius Wealth Advisors LLC boosted its position in Blue Owl Capital by 1.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company's stock worth $615,000 after purchasing an additional 702 shares during the period. Channel Wealth LLC boosted its position in Blue Owl Capital by 1.9% during the fourth quarter. Channel Wealth LLC now owns 44,500 shares of the company's stock worth $673,000 after purchasing an additional 823 shares during the period. Gilbert & Cook Inc. boosted its position in Blue Owl Capital by 3.5% during the third quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company's stock worth $427,000 after purchasing an additional 1,000 shares during the period. Finally, Blue Trust Inc. boosted its position in Blue Owl Capital by 9.5% during the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock worth $222,000 after purchasing an additional 1,321 shares during the period. Institutional investors and hedge funds own 42.83% of the company's stock.
Blue Owl Capital Stock Performance
OBDC stock traded down $0.14 during midday trading on Wednesday, hitting $14.85. The stock had a trading volume of 2,885,493 shares, compared to its average volume of 2,138,346. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The stock has a 50-day simple moving average of $15.12 and a 200 day simple moving average of $15.03. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 9.70 and a beta of 0.83.
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 firm had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. As a group, equities research analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current 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 paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.35%. Blue Owl Capital's dividend payout ratio is currently 96.73%.
Wall Street Analyst Weigh In
OBDC has been the subject of a number of recent analyst reports. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods raised Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average target price of $16.08.
Get Our Latest Research Report on Blue Owl Capital
About Blue Owl Capital
(
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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