Farther Finance Advisors LLC Has $222,000 Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Farther Finance Advisors LLC boosted its position in Blue Owl Capital Co. (NYSE:OBDC) by 12.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,650 shares of the company’s stock after buying an additional 1,663 shares during the quarter. Farther Finance Advisors LLC’s holdings in Blue Owl Capital were worth $222,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of OBDC. PNC Financial Services Group Inc. grew its position in Blue Owl Capital by 9.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 63,747 shares of the company’s stock worth $929,000 after purchasing an additional 5,415 shares during the last quarter. Advisors Asset Management Inc. grew its position in Blue Owl Capital by 16.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock worth $4,878,000 after purchasing an additional 48,136 shares during the last quarter. Raymond James Trust N.A. grew its position in Blue Owl Capital by 27.9% in the 3rd quarter. Raymond James Trust N.A. now owns 28,657 shares of the company’s stock worth $418,000 after purchasing an additional 6,251 shares during the last quarter. Icon Wealth Advisors LLC grew its position in Blue Owl Capital by 3,524.0% in the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after purchasing an additional 563,800 shares during the last quarter. Finally, One Charles Private Wealth Services LLC acquired a new stake in Blue Owl Capital in the 3rd quarter worth $204,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Blue Owl Capital

In related news, Director Chris Temple bought 15,000 shares of the company’s stock in a transaction on 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 completion of the purchase, the director now owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $14.00 to $15.00 in a research report on Monday. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods raised shares of 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 assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $16.17.

Blue Owl Capital Trading Up 0.5 %

Shares of OBDC stock opened at $15.00 on Thursday. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The company has a market capitalization of $7.66 billion, a P/E ratio of 9.80 and a beta of 0.85. The firm has a 50-day moving average price of $15.01 and a 200 day moving average price 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 (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Research analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 yield of 1.33%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

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.