36,847 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by Demars Financial Group LLC

Demars Financial Group LLC acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 36,847 shares of the company’s stock, valued at approximately $544,000.

A number of other institutional investors have also made changes to their positions in OBDC. GPS Wealth Strategies Group LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at about $41,000. CVA Family Office LLC bought a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $61,000. Register Financial Advisors LLC bought a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $64,000. Bourgeon Capital Management LLC bought a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $70,000. Finally, Aspire Private Capital LLC bought a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $78,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OBDC has been the topic of a number of research reports. Wells Fargo & Company boosted their price target on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a report on Monday, January 29th. JMP Securities reiterated 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, 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Hold” and a consensus price target of $15.50.

Insider Activity

In other news, Director Edward H. Dalelio bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average price of $15.07 per share, with a total value of $45,210.00. Following the completion of the transaction, the director now owns 6,217 shares of the company’s stock, valued at $93,690.19. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by company insiders.

Blue Owl Capital Price Performance

NYSE:OBDC opened at $15.79 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average price is $15.24 and its two-hundred day moving average price is $14.76. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 7.76 and a beta of 0.91. Blue Owl Capital Co. has a 12-month low of $12.20 and a 12-month high of $15.83.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s payout ratio is 68.97%.

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.