Tranquility Partners LLC Buys New Stake in Blue Owl Capital Co. (NYSE:OBDC)

Tranquility Partners LLC purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 160,145 shares of the company’s stock, valued at approximately $2,364,000. Blue Owl Capital accounts for 1.0% of Tranquility Partners LLC’s investment portfolio, making the stock its 26th largest holding.

A number of other large investors have also recently bought and sold shares of OBDC. GPS Wealth Strategies Group LLC acquired a new stake in Blue Owl Capital during the 4th quarter worth $41,000. CVA Family Office LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth $61,000. Register Financial Advisors LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth $64,000. Bourgeon Capital Management LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth $70,000. Finally, Global Strategic Investment Solutions LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth $154,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OBDC traded down $0.03 during trading hours on Wednesday, reaching $15.36. The company had a trading volume of 1,424,233 shares, compared to its average volume of 2,009,832. The firm has a 50 day simple moving average of $15.19 and a 200-day simple moving average of $14.71. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 7.57 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 announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $411.23 million during the quarter, compared to the consensus estimate of $397.42 million. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. Research analysts expect that Blue Owl Capital Co. will post 1.9 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

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

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the acquisition, the director now owns 6,217 shares of the company’s stock, valued at approximately $93,690.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a research note on Monday, January 29th. JMP Securities restated a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Finally, B. Riley downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price target for the company. in a report on Monday, January 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, 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.