Raymond James Financial Inc. Acquires Shares of 1,880,570 Blue Owl Capital Co. (NYSE:OBDC)

Raymond James Financial Inc. bought a new stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,880,570 shares of the company's stock, valued at approximately $28,434,000. Raymond James Financial Inc. owned 0.48% of Blue Owl Capital at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in OBDC. Icon Wealth Advisors LLC grew its holdings in Blue Owl Capital by 3,524.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company's stock worth $8,448,000 after acquiring an additional 563,800 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after purchasing an additional 182,002 shares during the last quarter. Kingswood Wealth Advisors LLC raised its position in Blue Owl Capital by 89.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company's stock worth $3,915,000 after buying an additional 121,947 shares during the last quarter. Stephens Inc. AR raised its position in Blue Owl Capital by 3.3% during the 4th quarter. Stephens Inc. AR now owns 3,326,298 shares of the company's stock worth $50,294,000 after buying an additional 106,722 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its position in Blue Owl Capital by 57.2% during the 4th quarter. Sanctuary Advisors LLC now owns 275,503 shares of the company's stock worth $4,146,000 after buying an additional 100,198 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

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Blue Owl Capital Trading Up 0.0 %

Shares of NYSE OBDC traded up $0.01 during trading on Tuesday, hitting $14.91. 4,207,320 shares of the company were exchanged, compared to its average volume of 2,232,641. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The firm has a market capitalization of $7.61 billion, a PE ratio of 9.74 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 company has a fifty day moving average price of $15.00 and a 200-day moving average price of $15.01.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping 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 the consensus estimate of $395.24 million. As a group, equities research analysts expect 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. Investors of record on Monday, March 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date is Monday, March 31st. Blue Owl Capital's dividend payout ratio (DPR) is 96.73%.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the acquisition, the director now directly owns 51,000 shares of the company's stock, valued at $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $14.00 to $15.00 in a research note on Monday. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research note on Friday, February 21st. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Three equities research 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 data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.17.

About Blue Owl Capital

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.