Blue Owl Capital Co. (NYSE:OBDC) Stock Position Lifted by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in Blue Owl Capital Co. (NYSE:OBDC) by 20.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 403,513 shares of the company’s stock after buying an additional 68,738 shares during the quarter. Advisors Asset Management Inc.’s holdings in Blue Owl Capital were worth $6,101,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of OBDC. Stephens Inc. AR grew its stake in shares of Blue Owl Capital by 3.3% in the 4th quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock valued at $50,294,000 after buying an additional 106,722 shares in the last quarter. Sound Income Strategies LLC grew its position in Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after acquiring an additional 182,002 shares in the last quarter. Sage Advisors LLC increased its stake in shares of Blue Owl Capital by 3.9% during the 4th quarter. Sage Advisors LLC now owns 2,075,330 shares of the company’s stock worth $31,379,000 after purchasing an additional 78,403 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Blue Owl Capital during the 4th quarter valued at $28,434,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Blue Owl Capital by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company’s stock valued at $26,659,000 after purchasing an additional 24,425 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

OBDC opened at $15.00 on Thursday. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The stock’s 50 day moving average price is $15.01 and its two-hundred day moving average price is $15.01. The firm has a market capitalization of $7.66 billion, a P/E ratio of 9.80 and a beta of 0.85. 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 announced 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. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. On average, equities analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

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 given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 96.73%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company upgraded Blue Owl Capital from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $14.00 to $15.00 in a report on Monday. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. Three investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.17.

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple acquired 15,000 shares of Blue Owl Capital stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now owns 51,000 shares of the company’s stock, valued at $754,800. The trade was a 41.67 % increase in their ownership of the stock. The purchase 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.

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.