Verus Capital Partners LLC Raises Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Verus Capital Partners LLC boosted its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 113.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,336 shares of the company's stock after acquiring an additional 49,664 shares during the period. Verus Capital Partners LLC's holdings in Blue Owl Capital were worth $1,411,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Atria Wealth Solutions Inc. increased its stake in Blue Owl Capital by 1.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock valued at $1,014,000 after purchasing an additional 685 shares in the last quarter. Amplius Wealth Advisors LLC raised its holdings in Blue Owl Capital by 1.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company's stock worth $615,000 after acquiring an additional 702 shares during the last quarter. Channel Wealth LLC lifted its position in Blue Owl Capital by 1.9% in the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company's stock valued at $673,000 after acquiring an additional 823 shares in the last quarter. Gilbert & Cook Inc. increased its holdings in shares of Blue Owl Capital by 3.5% in the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company's stock worth $427,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Blue Owl Capital by 9.5% in the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock worth $222,000 after purchasing an additional 1,321 shares during the last quarter. Institutional investors own 42.83% of the company's stock.

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Blue Owl Capital Stock Performance

OBDC traded down $0.32 during trading on Tuesday, hitting $14.99. The company's stock had a trading volume of 3,036,516 shares, compared to its average volume of 2,132,959. The business's 50 day simple moving average is $15.13 and its 200-day simple moving average is $15.03. The firm has a market cap of $7.66 billion, a PE ratio of 9.79 and a beta of 0.83. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. 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 released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. As a group, sell-side analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.33%. The ex-dividend date is Monday, March 31st. Blue Owl Capital's dividend payout ratio is 96.73%.

Analyst Upgrades and Downgrades

Several research firms recently commented on OBDC. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a report on Friday, February 21st. Citizens Jmp upgraded 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. Finally, JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.08.

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.