Steward Partners Investment Advisory LLC Grows Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Steward Partners Investment Advisory LLC raised its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 276,003 shares of the company's stock after purchasing an additional 28,960 shares during the period. Steward Partners Investment Advisory LLC owned 0.07% of Blue Owl Capital worth $4,173,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in shares of Blue Owl Capital in the fourth quarter worth about $125,000. BlueStem Wealth Partners LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter worth about $483,000. Sage Investment Counsel LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter worth about $186,000. Parkside Financial Bank & Trust lifted its stake in shares of Blue Owl Capital by 37.6% in the fourth quarter. Parkside Financial Bank & Trust now owns 9,665 shares of the company's stock worth $146,000 after buying an additional 2,641 shares in the last quarter. Finally, Verus Capital Partners LLC lifted its stake in shares of Blue Owl Capital by 113.7% in the fourth quarter. Verus Capital Partners LLC now owns 93,336 shares of the company's stock worth $1,411,000 after buying an additional 49,664 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OBDC has been the topic of several research reports. 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 restated an "outperform" rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $16.08.

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Blue Owl Capital Trading Up 1.7 %

Shares of OBDC traded up $0.25 during trading on Friday, reaching $14.99. 4,037,184 shares of the company traded hands, compared to its average volume of 2,149,579. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The stock has a market cap of $7.66 billion, a PE ratio of 9.80 and a beta of 0.85. The stock has a 50-day simple moving average of $15.08 and a 200-day simple moving average of $15.03. 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 (EPS) for the quarter, topping 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 the consensus estimate of $395.24 million. On average, 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. Stockholders of record on Monday, March 31st will be given 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 dividend yield of 1.33%. Blue Owl Capital's dividend payout ratio is presently 96.73%.

Blue Owl Capital Company 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.