Blue Owl Capital Co. (NYSE:OBDC) Shares Purchased by Samalin Investment Counsel LLC

Samalin Investment Counsel LLC boosted its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 3.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 76,516 shares of the company’s stock after purchasing an additional 2,904 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Blue Owl Capital were worth $1,157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in OBDC. Generali Asset Management SPA SGR acquired a new position in Blue Owl Capital in the fourth quarter valued at $34,103,000. Raymond James Financial Inc. acquired a new position in Blue Owl Capital in the fourth quarter valued at $28,434,000. Boston Partners grew its position in Blue Owl Capital by 76.6% during the fourth quarter. Boston Partners now owns 1,648,101 shares of the company’s stock valued at $24,823,000 after acquiring an additional 714,940 shares during the period. Sound Income Strategies LLC grew its position in Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after acquiring an additional 182,002 shares during the period. Finally, Corient Private Wealth LLC grew its position in Blue Owl Capital by 18.6% during the fourth quarter. Corient Private Wealth LLC now owns 1,098,387 shares of the company’s stock valued at $16,608,000 after acquiring an additional 172,275 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now owns 51,000 shares of the company’s stock, valued at $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.12% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on OBDC shares. Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Wells Fargo & Company raised Blue Owl Capital from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $14.00 to $15.00 in a research report on Monday, March 17th. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.17.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $15.02 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The business has a 50-day moving average of $15.02 and a 200-day moving average of $15.01. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 9.81 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The business had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. On average, equities analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid 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 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.