Parkside Financial Bank & Trust Purchases Shares of 4,444 Blue Owl Capital Co. (NYSE:OBDC)

Parkside Financial Bank & Trust purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,444 shares of the company’s stock, valued at approximately $66,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OBDC. GPS Wealth Strategies Group LLC acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $41,000. CVA Family Office LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at approximately $61,000. Register Financial Advisors LLC bought a new position in Blue Owl Capital during the 4th quarter worth $64,000. Bourgeon Capital Management LLC bought a new stake in Blue Owl Capital in the fourth quarter valued at $70,000. Finally, Aspire Private Capital LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at $78,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Down 0.3 %

OBDC opened at $15.76 on Friday. The business has a 50-day moving average of $15.28 and a 200-day moving average of $14.79. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market capitalization of $6.14 billion, a PE ratio of 7.76 and a beta of 0.91. Blue Owl Capital Co. has a fifty-two week low of $12.20 and a fifty-two week high of $15.85.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $411.23 million for the quarter, compared to analysts’ expectations of $397.42 million. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. Equities research analysts forecast that Blue Owl Capital Co. will post 1.9 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a dividend yield of 2.03%. Blue Owl Capital’s dividend payout ratio is presently 68.97%.

Insider Transactions at Blue Owl Capital

In other news, Director Edward H. Dalelio purchased 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average cost of $15.07 per share, with a total value of $45,210.00. Following the acquisition, the director now directly owns 6,217 shares of the company’s stock, valued at approximately $93,690.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on OBDC. B. Riley lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 target price for the company. in a research note on Monday, January 8th. Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research note on Monday, January 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.50.

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.