Ameriflex Group Inc. Purchases New Stake in Blue Owl Capital Co. (NYSE:OBDC)

Ameriflex Group Inc. acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,773 shares of the company's stock, valued at approximately $541,000.

Several other institutional investors and hedge funds have also made changes to their positions in OBDC. Lantern Wealth Advisors LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at $640,000. US Financial Advisors LLC acquired a new stake in Blue Owl Capital during the fourth quarter worth about $163,000. Visionary Wealth Advisors increased its stake in Blue Owl Capital by 27.6% during the fourth quarter. Visionary Wealth Advisors now owns 35,628 shares of the company's stock worth $539,000 after acquiring an additional 7,710 shares during the last quarter. Vivaldi Capital Management LP acquired a new stake in Blue Owl Capital during the fourth quarter worth about $210,000. Finally, Squarepoint Ops LLC increased its stake in Blue Owl Capital by 777.5% during the fourth quarter. Squarepoint Ops LLC now owns 107,347 shares of the company's stock worth $1,623,000 after acquiring an additional 95,114 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 0.5%

Shares of OBDC stock traded up $0.07 during trading hours on Thursday, reaching $14.66. The company had a trading volume of 1,679,799 shares, compared to its average volume of 2,600,881. The company has a market capitalization of $7.49 billion, a P/E ratio of 9.58 and a beta of 0.71. Blue Owl Capital Co. has a twelve month low of $12.11 and a twelve month 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 stock's fifty day simple moving average is $14.12 and its 200 day simple moving average is $14.75.

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

Blue Owl Capital Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages have commented on OBDC. Wells Fargo & Company dropped their price target on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. B. Riley began coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target for the company. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Finally, Jefferies Financial Group began coverage on Blue Owl Capital in a research note on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $15.64.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of Blue Owl Capital stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the acquisition, the director now owns 51,000 shares of the company's stock, valued at approximately $754,800. This trade represents a 41.67% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Victor Woolridge purchased 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average cost of $14.45 per share, with a total value of $99,921.75. Following the acquisition, the director now directly owns 28,191 shares of the company's stock, valued at $407,359.95. The trade was a 32.50% increase in their position. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by company 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.