Verus Capital Partners LLC Grows Stake in Blue Owl Capital Co. (NYSE:OBDC)

Verus Capital Partners LLC lifted its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 113.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 93,336 shares of the company’s stock after buying an additional 49,664 shares during the period. Verus Capital Partners LLC’s holdings in Blue Owl Capital were worth $1,411,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp grew its holdings in shares of Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after acquiring an additional 347,155 shares during the period. Stephens Inc. AR grew its stake in Blue Owl Capital by 3.3% in the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock worth $50,294,000 after purchasing an additional 106,722 shares during the period. Sound Income Strategies LLC grew its stake 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 purchasing an additional 182,002 shares during the period. Sage Advisors LLC raised its holdings in Blue Owl Capital by 3.9% in the fourth 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 in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position 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 valued at $26,659,000 after buying an additional 24,425 shares during the period. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Performance

OBDC stock opened at $15.16 on Friday. The stock has a market capitalization of $5.91 billion, a PE ratio of 9.91 and a beta of 0.83. The company has a current ratio of 1.19, a quick ratio of 1.28 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’s 50 day simple moving average is $15.13 and its 200 day simple moving average is $15.00.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $394.39 million during 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%. As a group, 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 business also recently disclosed a dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, February 28th. Blue Owl Capital’s dividend payout ratio (DPR) is 96.73%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price 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.