Lantern Wealth Advisors LLC Buys New Shares in Blue Owl Capital Co. (NYSE:OBDC)

Lantern Wealth Advisors LLC acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 42,304 shares of the company's stock, valued at approximately $640,000.

A number of other institutional investors also recently bought and sold shares of OBDC. Cresset Asset Management LLC boosted its holdings in Blue Owl Capital by 8,188.9% in the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock valued at $68,762,000 after purchasing an additional 4,385,987 shares in the last quarter. Generali Asset Management SPA SGR purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $34,103,000. Raymond James Financial Inc. acquired a new position in Blue Owl Capital during the fourth quarter worth $28,434,000. Boston Partners raised its position in Blue Owl Capital by 76.6% in the fourth quarter. Boston Partners now owns 1,648,101 shares of the company's stock worth $24,823,000 after acquiring an additional 714,940 shares in the last quarter. Finally, Enstar Group LTD purchased a new position in Blue Owl Capital in the fourth quarter worth $10,139,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Chris Temple bought 15,000 shares of the stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now owns 51,000 shares of the company's stock, valued at approximately $754,800. The trade was a 41.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.11% of the stock is owned by insiders.

Blue Owl Capital Price Performance

Shares of OBDC traded up $0.10 during mid-day trading on Friday, reaching $14.34. 2,097,755 shares of the company's stock were exchanged, compared to its average volume of 2,607,276. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a 52-week low of $12.11 and a 52-week high of $16.91. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 9.37 and a beta of 0.71. The company has a 50-day simple moving average of $14.15 and a two-hundred day simple moving average of $14.75.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its 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). Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. On average, sell-side analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased their target price 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. B. Riley started coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 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 report on Tuesday, April 8th. Jefferies Financial Group started coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Finally, JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. 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 MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Buy" and a consensus price target of $15.64.

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.