Raymond James Financial Inc. Makes New $28.43 Million Investment in Blue Owl Capital Co. (NYSE:OBDC)

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

A number of other institutional investors have also made changes to their positions in OBDC. Fifth Third Bancorp increased its position in Blue Owl Capital by 192.2% in the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after acquiring an additional 1,922 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $48,000. Westend Capital Management LLC lifted 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 buying an additional 1,784 shares in the last quarter. Millstone Evans Group LLC bought a new position in Blue Owl Capital in the 4th quarter valued at $76,000. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at $77,000. 42.83% of the stock is owned by institutional investors.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the business's stock in a transaction 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 transaction, the director now directly owns 51,000 shares of the company's stock, valued at $754,800. This represents a 41.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.11% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Jefferies Financial Group started coverage on Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 price target on the stock. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods reduced their price objective on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company upgraded shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $14.00 to $15.00 in a research report on Monday, March 17th. Finally, JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.21.

Blue Owl Capital Price Performance

NYSE OBDC opened at $13.85 on Friday. 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 stock has a market cap of $7.08 billion, a price-to-earnings ratio of 9.05 and a beta of 0.73. The business has a 50 day simple moving average of $14.62 and a 200 day simple moving average of $14.89. Blue Owl Capital Co. has a 52-week low of $12.11 and a 52-week high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating the consensus estimate 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 business had revenue of $394.39 million for the quarter, compared to analysts' expectations of $395.24 million. Analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Monday, March 31st. Blue Owl Capital's dividend payout ratio 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.

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