Austin Private Wealth LLC Takes $237,000 Position in Blue Owl Capital Co. (NYSE:OBDC)

Austin Private Wealth LLC purchased a new position in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,032 shares of the company’s stock, valued at approximately $237,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC bought a new stake in Blue Owl Capital in the fourth quarter valued at $41,000. CVA Family Office LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth about $61,000. Register Financial Advisors LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at about $64,000. Global Strategic Investment Solutions LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at about $154,000. Finally, Good Life Advisors LLC bought a new position in Blue Owl Capital in the 4th quarter worth about $168,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE OBDC traded up $0.11 during mid-day trading on Thursday, reaching $15.38. 2,795,338 shares of the company traded hands, compared to its average volume of 1,990,374. Blue Owl Capital Co. has a fifty-two week low of $12.20 and a fifty-two week high of $15.55. The firm has a market cap of $5.99 billion, a PE ratio of 7.60 and a beta of 0.91. The stock has a fifty day simple moving average of $15.05 and a 200-day simple moving average of $14.54. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results 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 company had revenue of $411.23 million for the quarter, compared to analysts’ expectations of $397.42 million. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. Equities research analysts anticipate that Blue Owl Capital Co. will post 1.9 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 68.97%.

Insider Buying and Selling

In related news, Director Edward H. Dalelio acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average price of $15.07 per share, for a total transaction of $45,210.00. Following 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 filing with the SEC, which is available through this hyperlink. Insiders own 0.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on OBDC shares. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Tuesday. Wells Fargo & Company raised their target price on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research report on Monday, January 29th. Finally, B. Riley lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price target for the company. in a research report on Monday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $15.50.

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.