Perennial Investment Advisors LLC Grows Stake in Blue Owl Capital Co. (NYSE:OBDC)

Perennial Investment Advisors LLC lifted its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 390,006 shares of the company’s stock after acquiring an additional 14,067 shares during the quarter. Perennial Investment Advisors LLC owned approximately 0.10% of Blue Owl Capital worth $5,897,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OBDC. Fifth Third Bancorp boosted its position in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after acquiring an additional 1,922 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Blue Owl Capital in the fourth quarter worth $48,000. National Bank of Canada FI raised its holdings in Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after purchasing an additional 2,460 shares in the last quarter. Westend Capital Management LLC lifted its position in Blue Owl Capital by 58.8% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after buying an additional 1,784 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $76,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on OBDC shares. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $14.00 to $15.00 in a report on Monday, March 17th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research note 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.17.

Blue Owl Capital Stock Performance

OBDC stock opened at $13.32 on Friday. The stock’s 50 day simple moving average is $15.00 and its 200 day simple moving average is $15.01. 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 $13.23 and a 12-month high of $16.91. The stock has a market capitalization of $6.80 billion, a PE ratio of 8.70 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. 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 quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.50%. Blue Owl Capital’s payout ratio is 96.73%.

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple purchased 15,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now directly owns 51,000 shares of the company’s stock, valued at $754,800. This represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is 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.