NorthRock Partners LLC Buys Shares of 18,136 Blue Owl Capital Co. (NYSE:OBDC)

NorthRock Partners LLC bought 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. The firm bought 18,136 shares of the company's stock, valued at approximately $274,000.

Several other large investors have also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its position in Blue Owl Capital by 5.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock valued at $72,361,000 after acquiring an additional 236,467 shares during the period. Cresset Asset Management LLC increased its position 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 acquiring an additional 4,385,987 shares during the period. Stephens Inc. AR increased its position in Blue Owl Capital by 3.3% in the 4th quarter. Stephens Inc. AR now owns 3,326,298 shares of the company's stock valued at $50,294,000 after acquiring an additional 106,722 shares during the period. Sound Income Strategies LLC increased its position in shares of Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after purchasing an additional 182,002 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Blue Owl Capital by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after purchasing an additional 174,759 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the acquisition, the director now owns 51,000 shares of the company's stock, valued at $754,800. This represents a 41.67% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

Blue Owl Capital Price Performance

Shares of OBDC traded up $0.10 during trading hours on Friday, hitting $14.34. 2,097,755 shares of the company were exchanged, compared to its average volume of 2,601,865. The company has a market capitalization of $7.33 billion, a PE ratio of 9.37 and a beta of 0.71. 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 firm has a fifty day simple moving average of $14.15 and a 200-day simple moving average of $14.76. Blue Owl Capital Co. has a one year low of $12.11 and a one year high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share 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 business had revenue of $464.65 million for the quarter, compared to analysts' expectations of $457.88 million. As a group, sell-side analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.37 per share. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.05. The ex-dividend date is Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.32%. Blue Owl Capital's payout ratio is currently 95.48%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OBDC shares. B. Riley started coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target on the stock. Keefe, Bruyette & Woods lowered their price target on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Royal Bank of Canada reiterated an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 15th. Finally, Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $15.64.

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.