Stifel Financial Corp Buys 127,150 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Stifel Financial Corp raised its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 14.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,006,103 shares of the company's stock after purchasing an additional 127,150 shares during the quarter. Stifel Financial Corp owned 0.26% of Blue Owl Capital worth $15,212,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in OBDC. Stephens Inc. AR boosted 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 valued at $50,294,000 after buying an additional 106,722 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock worth $45,727,000 after purchasing an additional 182,002 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Blue Owl Capital by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock worth $36,843,000 after purchasing an additional 174,759 shares during the last quarter. Generali Asset Management SPA SGR purchased a new position in Blue Owl Capital during the 4th quarter valued at about $34,103,000. Finally, Sage Advisors LLC raised its position in Blue Owl Capital by 3.9% during the 4th quarter. Sage Advisors LLC now owns 2,075,330 shares of the company's stock valued at $31,379,000 after purchasing an additional 78,403 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Wall Street Analysts Forecast Growth

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

Blue Owl Capital Price Performance

OBDC opened at $14.27 on Friday. Blue Owl Capital Co. has a 1 year low of $12.11 and a 1 year high of $16.91. The stock has a 50-day moving average price of $14.45 and a 200-day moving average price of $14.86. The firm has a market cap of $7.29 billion, a PE ratio of 9.33 and a beta of 0.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28.

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

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date of this dividend was Monday, March 31st. Blue Owl Capital's payout ratio is currently 96.73%.

Insider Activity at Blue Owl Capital

In related news, Director Chris Temple acquired 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is currently owned by insiders.

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.

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