BluePointe Capital Management LLC Has $2.24 Million Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

BluePointe Capital Management LLC boosted its position in Blue Owl Capital Co. (NYSE:OBDC) by 11.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 144,940 shares of the company’s stock after purchasing an additional 15,367 shares during the period. Blue Owl Capital comprises 1.3% of BluePointe Capital Management LLC’s holdings, making the stock its 25th largest position. BluePointe Capital Management LLC’s holdings in Blue Owl Capital were worth $2,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of OBDC. Sound Income Strategies LLC lifted its holdings in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after purchasing an additional 182,002 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Blue Owl Capital by 16.8% in the third quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock worth $4,878,000 after acquiring an additional 48,136 shares during the last quarter. Franklin Resources Inc. boosted its position in Blue Owl Capital by 11.2% in the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock valued at $11,116,000 after buying an additional 74,959 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in Blue Owl Capital during the 4th quarter worth $814,000. Finally, Arkadios Wealth Advisors grew its holdings in shares of Blue Owl Capital by 80.9% during the fourth quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company’s stock worth $759,000 after purchasing an additional 22,440 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Insider Buying and Selling

In other news, Director Chris Temple purchased 15,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the acquisition, the director now 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 filing with the SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $15.00 on Thursday. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The stock has a market cap of $7.66 billion, a PE ratio of 9.80 and a beta of 0.85. The stock’s fifty day simple moving average is $15.01 and its two-hundred day simple moving average is $15.01. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 37.26% and a return on equity of 12.38%. As a group, analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is presently 96.73%.

Analysts Set New Price Targets

OBDC has been the subject of several recent research reports. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Wells Fargo & Company raised shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $14.00 to $15.00 in a research report on Monday. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.17.

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.