Cullen Frost Bankers Inc. Invests $119,000 in Blue Owl Capital Co. (NYSE:OBDC)

Cullen Frost Bankers Inc. acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, Holdings Channel reports. The fund acquired 7,900 shares of the company’s stock, valued at approximately $119,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OBDC. US Bancorp DE lifted its stake in shares of Blue Owl Capital by 226.3% in the third quarter. US Bancorp DE now owns 18,988 shares of the company’s stock worth $277,000 after buying an additional 13,168 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Blue Owl Capital by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,987 shares of the company’s stock worth $189,000 after acquiring an additional 3,998 shares during the last quarter. Legacy Capital Wealth Partners LLC lifted its position in Blue Owl Capital by 96.8% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock valued at $3,054,000 after acquiring an additional 103,123 shares in the last quarter. Apollon Wealth Management LLC boosted its stake in Blue Owl Capital by 1.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 110,016 shares of the company’s stock valued at $1,603,000 after purchasing an additional 1,760 shares during the last quarter. Finally, First National Trust Co increased its holdings in shares of Blue Owl Capital by 83.9% in the 3rd quarter. First National Trust Co now owns 141,524 shares of the company’s stock worth $2,062,000 after purchasing an additional 64,558 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OBDC. Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Royal Bank of Canada reiterated 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 shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.08.

Blue Owl Capital Trading Up 1.7 %

NYSE:OBDC opened at $14.99 on Monday. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. The business has a fifty day moving average price of $15.08 and a 200-day moving average price of $15.03. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 9.80 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.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm 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%. Sell-side analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. Blue Owl Capital’s payout ratio is currently 96.73%.

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.