Parkside Financial Bank & Trust Purchases 2,641 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Parkside Financial Bank & Trust raised its position in Blue Owl Capital Co. (NYSE:OBDC) by 37.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 9,665 shares of the company’s stock after buying an additional 2,641 shares during the period. Parkside Financial Bank & Trust’s holdings in Blue Owl Capital were worth $146,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. boosted its position in shares of Blue Owl Capital by 1.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock worth $1,014,000 after purchasing an additional 685 shares during the last quarter. Amplius Wealth Advisors LLC boosted its position in shares of 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 purchasing an additional 702 shares during the last quarter. Channel Wealth LLC boosted its position in shares of Blue Owl Capital by 1.9% in the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock worth $673,000 after purchasing an additional 823 shares during the last quarter. Gilbert & Cook Inc. boosted its position 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 during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Blue Owl Capital by 9.5% in the 4th 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. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $15.45 on Friday. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 10.10 and a beta of 0.83. The business has a 50-day moving average of $15.13 and a 200-day moving average of $15.01. 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 Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $394.39 million during the quarter, compared to analysts’ expectations of $395.24 million. As a group, sell-side analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s payout ratio is currently 96.73%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $16.08.

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.