Gabelli Funds LLC Makes New Investment in Blue Owl Capital Co. (NYSE:OBDC)

Gabelli Funds LLC acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 29,916 shares of the company's stock, valued at approximately $452,000.

Other hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp lifted its holdings in shares of Blue Owl Capital by 192.2% in the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock worth $44,000 after acquiring an additional 1,922 shares during the last quarter. Anchor Investment Management LLC boosted its position in Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after acquiring an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $48,000. Westend Capital Management LLC lifted its position in Blue Owl Capital by 58.8% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock valued at $73,000 after acquiring an additional 1,784 shares during the last quarter. Finally, Millstone Evans Group LLC purchased a new position in Blue Owl Capital during the 4th quarter worth $76,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OBDC. Keefe, Bruyette & Woods dropped their price target on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group began coverage on Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective on the stock. Wells Fargo & Company raised Blue Owl Capital from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $14.00 to $15.00 in a report on Monday, March 17th. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $16.21.

Blue Owl Capital Trading Down 0.0 %

Shares of Blue Owl Capital stock traded down $0.01 on Friday, reaching $14.25. 568,397 shares of the company were exchanged, compared to its average volume of 3,920,263. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a fifty-two week low of $12.11 and a fifty-two week high of $16.91. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 9.31 and a beta of 0.73. The stock has a fifty day moving average price of $14.48 and a 200-day moving average price of $14.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The company had revenue of $394.39 million for the quarter, compared to analysts' expectations of $395.24 million. On average, analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.05 per share. The ex-dividend date was Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.40%. Blue Owl Capital's dividend payout ratio (DPR) is presently 96.73%.

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple purchased 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

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.