Liberty Square Wealth Partners LLC Makes New $386,000 Investment in Blue Owl Capital Co. (NYSE:OBDC)

Liberty Square Wealth Partners LLC acquired a new position 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 Securities and Exchange Commission (SEC). The institutional investor acquired 25,111 shares of the company's stock, valued at approximately $386,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada raised its holdings in Blue Owl Capital by 9.2% in the 4th quarter. Royal Bank of Canada now owns 7,387,300 shares of the company's stock valued at $111,696,000 after acquiring an additional 620,521 shares during the period. Ameriprise Financial Inc. boosted its position in Blue Owl Capital by 5.2% in the fourth quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock valued at $72,361,000 after buying an additional 236,467 shares in the last quarter. Cresset Asset Management LLC grew its position in Blue Owl Capital by 8,188.9% during the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock worth $68,762,000 after acquiring an additional 4,385,987 shares during the last quarter. Stephens Inc. AR boosted its position in Blue Owl Capital by 3.3% during the 4th quarter. Stephens Inc. AR now owns 3,326,298 shares of the company's stock worth $50,294,000 after buying an additional 106,722 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Blue Owl Capital by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock worth $36,843,000 after acquiring an additional 174,759 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada restated an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Jefferies Financial Group assumed 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. B. Riley started coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of 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. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $15.64.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded down $0.06 during midday trading on Friday, hitting $14.58. 1,232,513 shares of the company were exchanged, compared to its average volume of 2,601,019. Blue Owl Capital Co. has a fifty-two week low of $12.11 and a fifty-two week high of $16.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The firm has a market capitalization of $7.45 billion, a PE ratio of 9.53 and a beta of 0.71. The business has a fifty day simple moving average of $14.11 and a two-hundred day simple moving average of $14.75.

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

Blue Owl Capital Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a $0.01 dividend. The ex-dividend date is Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital's dividend payout ratio is currently 95.48%.

Insider Buying and Selling

In other news, Director Victor Woolridge acquired 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $14.45 per share, with a total value of $99,921.75. Following the completion of the purchase, the director now owns 28,191 shares of the company's stock, valued at approximately $407,359.95. This represents a 32.50% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Chris Temple acquired 15,000 shares of Blue Owl Capital stock in a transaction dated Thursday, March 6th. The stock was 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 in the company, valued at approximately $754,800. This represents a 41.67% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by corporate insiders.

Blue Owl Capital Profile

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.