Palogic Value Management L.P. Purchases 8,553 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Palogic Value Management L.P. raised its position in Blue Owl Capital Co. (NYSE:OBDC) by 7.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 117,536 shares of the company’s stock after acquiring an additional 8,553 shares during the period. Palogic Value Management L.P.’s holdings in Blue Owl Capital were worth $1,777,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of OBDC. Fifth Third Bancorp lifted its stake in Blue Owl Capital by 192.2% in 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. National Bank of Canada FI lifted its stake in Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after acquiring an additional 2,460 shares in the last quarter. Westend Capital Management LLC lifted its stake in Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after acquiring an additional 1,784 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at approximately $77,000. Finally, Canton Hathaway LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $84,000. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Up 0.5 %

OBDC opened at $15.06 on Friday. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The stock’s fifty day simple moving average is $15.01 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. The stock has a market cap of $7.69 billion, a PE ratio of 9.84 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share 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 business had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. As a group, research analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current 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 issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is 96.73%.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Chris Temple acquired 15,000 shares of the firm’s stock in a transaction on 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 in the company, valued at $754,800. This represents a 41.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on OBDC. Wells Fargo & Company upgraded Blue Owl Capital from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $14.00 to $15.00 in a research note on Monday. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.17.

Blue Owl Capital Company 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.