10,485 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by Evoke Wealth LLC

Evoke Wealth LLC bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,485 shares of the company’s stock, valued at approximately $162,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Stephens Inc. AR increased its position in Blue Owl Capital by 3.3% during the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock worth $50,294,000 after acquiring an additional 106,722 shares during the period. Sound Income Strategies LLC boosted its stake in Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after buying an additional 182,002 shares in the last quarter. Sage Advisors LLC boosted its stake in Blue Owl Capital by 3.9% during the fourth quarter. Sage Advisors LLC now owns 2,075,330 shares of the company’s stock worth $31,379,000 after buying an additional 78,403 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Blue Owl Capital during the fourth quarter worth $28,434,000. Finally, Janney Montgomery Scott LLC boosted its stake in Blue Owl Capital by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company’s stock worth $26,659,000 after buying an additional 24,425 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $15.00 on Thursday. The stock has a 50-day simple moving average of $15.01 and a 200 day simple moving average of $15.01. 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 Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 9.80 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating 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. On average, research analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.33%. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on OBDC. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $14.00 to $15.00 in a research note on Monday. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.17.

Insiders Place Their Bets

In related news, Director Chris Temple purchased 15,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now directly owns 51,000 shares in the company, valued at $754,800. The trade was a 41.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.12% of the company’s stock.

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.