Demars Financial Group LLC Purchases 430,303 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Demars Financial Group LLC boosted its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 1,517.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 458,665 shares of the company's stock after acquiring an additional 430,303 shares during the quarter. Demars Financial Group LLC owned about 0.12% of Blue Owl Capital worth $6,935,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Insigneo Advisory Services LLC lifted its holdings in Blue Owl Capital by 3.3% in the 4th quarter. Insigneo Advisory Services LLC now owns 49,927 shares of the company's stock valued at $755,000 after acquiring an additional 1,615 shares during the last quarter. Gabelli Funds LLC acquired a new position in Blue Owl Capital in the 4th quarter worth about $452,000. Anchor Investment Management LLC raised its position in Blue Owl Capital by 100.0% during the fourth 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. Guggenheim Capital LLC lifted its position in shares of Blue Owl Capital by 6.1% in the fourth quarter. Guggenheim Capital LLC now owns 36,784 shares of the company's stock worth $556,000 after buying an additional 2,110 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Blue Owl Capital in the 4th quarter worth approximately $216,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Price Performance

OBDC stock traded up $0.37 during mid-day trading on Tuesday, reaching $13.86. 746,690 shares of the company traded hands, compared to its average volume of 2,549,219. The company has a market capitalization of $7.08 billion, a P/E ratio of 9.03 and a beta of 0.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The company has a fifty day moving average price of $14.56 and a 200-day moving average price of $14.89. Blue Owl Capital Co. has a 52-week low of $12.11 and a 52-week high of $16.91.

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

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.44%. Blue Owl Capital's dividend payout ratio is 96.73%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Chris Temple acquired 15,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now directly owns 51,000 shares in the company, valued at $754,800. This represents a 41.67 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is owned by corporate 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.