Summit Securities Group LLC Makes New $2.20 Million Investment in Blue Owl Capital Co. (NYSE:OBDC)

Summit Securities Group LLC purchased a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 145,700 shares of the company's stock, valued at approximately $2,203,000. Blue Owl Capital makes up about 0.5% of Summit Securities Group LLC's portfolio, making the stock its 27th largest position.

A number of other large investors have also recently modified their holdings of OBDC. Sound Income Strategies LLC lifted 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 worth $45,727,000 after purchasing an additional 182,002 shares during the period. Franklin Resources Inc. lifted its holdings in Blue Owl Capital by 11.2% during the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock worth $11,116,000 after buying an additional 74,959 shares during the period. FNY Investment Advisers LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at $814,000. Arkadios Wealth Advisors increased its holdings in shares of Blue Owl Capital by 80.9% in the 4th quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company's stock valued at $759,000 after acquiring an additional 22,440 shares during the period. Finally, Acorn Creek Capital LLC bought a new position in shares of Blue Owl Capital in the 4th quarter worth $325,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Insider Activity

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. The trade was a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on OBDC. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research note on Friday, February 21st. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $14.00 to $15.00 in a research report on Monday, March 17th. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $16.17.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded down $0.21 during mid-day trading on Thursday, reaching $14.57. 2,746,089 shares of the company traded hands, compared to its average volume of 3,554,726. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 9.52 and a beta of 0.85. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The firm's fifty day moving average is $15.04 and its two-hundred day moving average is $15.03. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced 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 analysts' expectations of $395.24 million. On average, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.37%. Blue Owl Capital's dividend payout ratio is presently 96.73%.

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.