Capital Performance Advisors LLP Buys Shares of 18,874 Blue Owl Capital Co. (NYSE:OBDC)

Capital Performance Advisors LLP purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 18,874 shares of the company’s stock, valued at approximately $279,000.

Several other institutional investors have also recently made changes to their positions in OBDC. GPS Wealth Strategies Group LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $41,000. Spire Wealth Management acquired a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $45,000. CVA Family Office LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $61,000. Register Financial Advisors LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $64,000. Finally, Parkside Financial Bank & Trust acquired a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $66,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio acquired 3,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was acquired at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the completion of the transaction, the director now directly owns 6,217 shares in the company, valued at $93,690.19. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE OBDC traded up $0.30 during trading on Monday, reaching $16.33. The company’s stock had a trading volume of 3,066,987 shares, compared to its average volume of 1,988,125. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 8.04 and a beta of 0.88. Blue Owl Capital Co. has a 12 month low of $12.49 and a 12 month high of $16.34. The firm has a 50 day moving average price of $15.44 and a 200 day moving average price of $14.93.

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

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a yield of 1.96%. Blue Owl Capital’s payout ratio is 68.97%.

Wall Street Analysts Forecast Growth

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

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.