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

Intellectus Partners LLC purchased a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 112,229 shares of the company’s stock, valued at approximately $1,696,000.

Several other hedge funds also recently modified their holdings of OBDC. GPS Wealth Strategies Group LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $41,000. CVA Family Office LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $61,000. Register Financial Advisors LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $64,000. Parkside Financial Bank & Trust acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $66,000. Finally, Bourgeon Capital Management LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $70,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $15.07 per share, with a total value of $45,210.00. Following the completion of the transaction, the director now directly owns 6,217 shares in the company, valued at approximately $93,690.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is currently owned by insiders.

Blue Owl Capital Price Performance

Shares of OBDC traded up $0.18 during trading hours on Friday, hitting $15.93. 1,546,877 shares of the company were exchanged, compared to its average volume of 1,938,436. The company has a market capitalization of $6.21 billion, a PE ratio of 7.85 and a beta of 0.91. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a fifty day simple moving average of $15.32 and a 200-day simple moving average of $14.82. Blue Owl Capital Co. has a one year low of $12.20 and a one year high of $15.95.

Blue Owl Capital (NYSE:OBDC) last issued its 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 during 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%. As a group, sell-side analysts predict 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. Stockholders of record on Friday, March 1st were given a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a dividend yield of 2.01%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 68.97%.

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.