Ieq Capital LLC Purchases New Position in Blue Owl Capital Co. (NYSE:OBDC)

Ieq Capital LLC acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,784 shares of the company’s stock, valued at approximately $1,010,000.

Several other hedge funds also recently modified their holdings of the company. Pasadena Private Wealth LLC grew its position in Blue Owl Capital by 79.6% during the 4th quarter. Pasadena Private Wealth LLC now owns 34,395 shares of the company’s stock worth $520,000 after acquiring an additional 15,244 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in Blue Owl Capital by 1.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock worth $1,014,000 after purchasing an additional 685 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $77,000. D.A. Davidson & CO. increased its stake in shares of Blue Owl Capital by 3.1% in the fourth quarter. D.A. Davidson & CO. now owns 377,811 shares of the company’s stock valued at $5,713,000 after buying an additional 11,270 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of Blue Owl Capital by 8.1% in the fourth quarter. Truist Financial Corp now owns 71,999 shares of the company’s stock valued at $1,089,000 after buying an additional 5,381 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $15.37 on Tuesday. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 10.04 and a beta of 0.83. The firm has a fifty day moving average of $15.12 and a two-hundred day moving average of $14.99.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. As a group, equities research analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Analyst Ratings Changes

Several research firms have weighed in on OBDC. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company upped their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.08.

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.