Barnett & Company Inc. Grows Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Barnett & Company Inc. raised its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 108,500 shares of the company’s stock after purchasing an additional 5,600 shares during the quarter. Barnett & Company Inc.’s holdings in Blue Owl Capital were worth $1,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Generali Asset Management SPA SGR bought a new stake in Blue Owl Capital during the fourth quarter worth approximately $34,103,000. Raymond James Financial Inc. purchased a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $28,434,000. Boston Partners increased its position in shares of Blue Owl Capital by 76.6% during the 4th quarter. Boston Partners now owns 1,648,101 shares of the company’s stock valued at $24,823,000 after purchasing an additional 714,940 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after buying an additional 182,002 shares during the period. Finally, Corient Private Wealth LLC lifted its position in Blue Owl Capital by 18.6% in the fourth quarter. Corient Private Wealth LLC now owns 1,098,387 shares of the company’s stock worth $16,608,000 after buying an additional 172,275 shares during the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Blue Owl Capital

In other news, Director Chris Temple acquired 15,000 shares of Blue Owl Capital stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares in the company, valued at $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $15.02 on Monday. The stock’s 50-day moving average is $15.02 and its 200 day moving average is $15.01. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The company has a market cap of $7.67 billion, a P/E ratio of 9.81 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The firm had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. Research analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Wall Street Analysts Forecast Growth

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

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.