39,323 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by Golden State Equity Partners

Golden State Equity Partners bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, HoldingsChannel reports. The firm bought 39,323 shares of the company’s stock, valued at approximately $580,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OBDC. State of New Jersey Common Pension Fund E purchased a new stake in Blue Owl Capital during the 4th quarter valued at about $335,810,000. Regents of The University of California acquired a new position in Blue Owl Capital in the 4th quarter worth about $258,421,000. Sound Income Strategies LLC acquired a new position in Blue Owl Capital in the 4th quarter worth about $36,311,000. Strs Ohio acquired a new position in Blue Owl Capital in the 4th quarter worth about $32,449,000. Finally, Border to Coast Pensions Partnership Ltd acquired a new position in Blue Owl Capital in the 4th quarter worth about $30,477,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on OBDC. B. Riley cut 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. Wells Fargo & Company upped their price target on Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a report on Monday, January 29th. Finally, JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $15.50.

Blue Owl Capital Trading Up 1.1 %

Shares of NYSE OBDC traded up $0.18 during trading on Friday, hitting $15.93. 1,546,877 shares of the company were exchanged, compared to its average volume of 1,938,436. Blue Owl Capital Co. has a 12-month low of $12.20 and a 12-month high of $15.95. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 1.60. The company has a fifty day moving average price of $15.32 and a 200-day moving average price of $14.81. The firm has a market capitalization of $6.21 billion, a PE ratio of 7.85 and a beta of 0.91.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The business 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%. As a group, equities research analysts expect that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Thursday, February 29th. Blue Owl Capital’s payout ratio is 68.97%.

Insider Buying and Selling

In other news, Director Edward H. Dalelio bought 3,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was bought at an average cost of $15.07 per share, with a total value of $45,210.00. Following the transaction, the director now directly owns 6,217 shares in the company, valued at approximately $93,690.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

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.