3,169 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,169 shares of the company’s stock, valued at approximately $48,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its stake in Blue Owl Capital by 9.1% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 524,155 shares of the company’s stock valued at $7,637,000 after purchasing an additional 43,770 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of Blue Owl Capital by 78.3% in the third quarter. Captrust Financial Advisors now owns 22,389 shares of the company’s stock valued at $326,000 after buying an additional 9,833 shares during the last quarter. Integrated Wealth Concepts LLC boosted its stake in shares of Blue Owl Capital by 18.3% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,259 shares of the company’s stock worth $193,000 after acquiring an additional 2,052 shares during the period. Stifel Financial Corp increased its holdings in shares of Blue Owl Capital by 8.5% during the 3rd quarter. Stifel Financial Corp now owns 878,953 shares of the company’s stock worth $12,806,000 after acquiring an additional 69,042 shares during the last quarter. Finally, Texas Capital Bank Wealth Management Services Inc raised its stake in Blue Owl Capital by 1.4% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 247,199 shares of the company’s stock valued at $3,602,000 after acquiring an additional 3,362 shares during the period. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 0.2 %

Shares of OBDC stock opened at $14.77 on Thursday. The stock has a 50 day simple moving average of $15.04 and a 200 day simple moving average of $15.03. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The stock has a market cap of $7.55 billion, a P/E ratio of 9.65 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $394.39 million for 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%. On average, research analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s payout ratio is presently 96.73%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OBDC. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Wells Fargo & Company raised shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $14.00 to $15.00 in a report on Monday, March 17th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods raised 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 issued a strong buy rating to the company. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.17.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.12% of the stock is currently owned by insiders.

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.