Cary Street Partners Financial LLC Invests $1.74 Million in Blue Owl Capital Co. (NYSE:OBDC)

Cary Street Partners Financial LLC bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 115,263 shares of the company's stock, valued at approximately $1,743,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new stake in Blue Owl Capital during the third quarter worth approximately $283,000. Franklin Resources Inc. lifted its position in Blue Owl Capital by 11.2% during the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock worth $11,116,000 after purchasing an additional 74,959 shares during the period. Sterneck Capital Management LLC acquired a new stake in Blue Owl Capital during the fourth quarter worth about $256,000. Trinity Financial Advisors LLC increased its holdings in Blue Owl Capital by 7.0% in the 4th quarter. Trinity Financial Advisors LLC now owns 945,289 shares of the company's stock valued at $14,784,000 after buying an additional 62,015 shares during the period. Finally, Winthrop Advisory Group LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at approximately $870,000. Institutional investors own 42.83% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Wells Fargo & Company reduced their target price on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group began coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lowered their target price on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $15.75.

Blue Owl Capital Trading Up 5.4%

Shares of Blue Owl Capital stock traded up $0.75 on Monday, hitting $14.64. The stock had a trading volume of 2,651,076 shares, compared to its average volume of 2,575,944. The stock has a 50 day moving average of $14.18 and a 200 day moving average of $14.78. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a twelve month low of $12.11 and a twelve month high of $16.91. The firm has a market capitalization of $7.48 billion, a P/E ratio of 9.57 and a beta of 0.71.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. Sell-side analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date is Monday, June 30th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.05. Blue Owl Capital's payout ratio is 95.48%.

Insider Activity

In other news, Director Chris Temple bought 15,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the acquisition, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This represents a 41.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.11% 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.