Raymond James Financial Inc. Makes New $28.43 Million Investment in Blue Owl Capital Co. (NYSE:OBDC)

Raymond James Financial Inc. purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, Holdings Channel reports. The fund purchased 1,880,570 shares of the company’s stock, valued at approximately $28,434,000.

Other large investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in Blue Owl Capital by 192.2% during the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after purchasing an additional 1,922 shares in the last quarter. National Bank of Canada FI lifted its stake in Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after purchasing an additional 2,460 shares in the last quarter. Westend Capital Management LLC raised its stake in shares of Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after acquiring an additional 1,784 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at $77,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at $84,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $14.43 on Friday. The firm has a market capitalization of $7.37 billion, a PE ratio of 9.43 and a beta of 0.85. The business’s fifty day moving average price is $15.02 and its 200 day moving average price is $15.02. 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 12 month low of $13.98 and a 12 month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last issued 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. The company had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. On average, sell-side analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s payout ratio is 96.73%.

Insiders Place Their Bets

In related news, Director Chris Temple purchased 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the acquisition, the director now directly owns 51,000 shares in the company, valued at $754,800. This represents a 41.67 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OBDC. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.