Ameriflex Group Inc. Invests $541,000 in Blue Owl Capital Co. (NYSE:OBDC)

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

Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Blue Owl Capital by 1.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company's stock valued at $26,659,000 after acquiring an additional 24,425 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in shares of Blue Owl Capital by 5.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 36,217 shares of the company's stock worth $548,000 after buying an additional 1,832 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock worth $44,000 after buying an additional 1,922 shares in the last quarter. Register Financial Advisors LLC lifted its stake in shares of Blue Owl Capital by 19.9% in the fourth quarter. Register Financial Advisors LLC now owns 12,261 shares of the company's stock worth $185,000 after buying an additional 2,033 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of Blue Owl Capital by 89.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company's stock valued at $3,915,000 after buying an additional 121,947 shares during the period. Institutional investors own 42.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods dropped their price target on shares of 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. Royal Bank of Canada reiterated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Finally, Jefferies Financial Group started coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They set a "buy" rating and a $16.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $15.64.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded down $0.07 during trading on Friday, reaching $14.58. The company had a trading volume of 1,232,513 shares, compared to its average volume of 3,573,848. The firm's fifty day moving average is $14.11 and its 200 day moving average is $14.75. The firm has a market capitalization of $7.45 billion, a PE ratio of 9.53 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.

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 the consensus estimate of $0.43 by ($0.04). The firm 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%. On average, equities analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be given 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 95.48%.

Insider Transactions at Blue Owl Capital

In other news, Director Chris Temple purchased 15,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now owns 51,000 shares of the company's stock, valued at $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 the SEC website. Also, Director Victor Woolridge acquired 6,915 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the transaction, the director now directly owns 28,191 shares of the company's stock, valued at approximately $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.11% of the stock is owned by insiders.

Blue Owl Capital Company 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.