Melia Wealth LLC Raises Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Melia Wealth LLC increased its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 974,164 shares of the company's stock after buying an additional 28,185 shares during the period. Blue Owl Capital accounts for approximately 7.7% of Melia Wealth LLC's investment portfolio, making the stock its 6th biggest position. Melia Wealth LLC owned approximately 0.25% of Blue Owl Capital worth $14,729,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of OBDC. Fifth Third Bancorp boosted 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 valued at $44,000 after buying an additional 1,922 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Blue Owl Capital in the fourth quarter worth $48,000. National Bank of Canada FI lifted its position in Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company's stock worth $61,000 after purchasing an additional 2,460 shares during the period. Westend Capital Management LLC grew its stake in Blue Owl Capital by 58.8% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock worth $73,000 after buying an additional 1,784 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new position in Blue Owl Capital in the 4th quarter valued at about $76,000. 42.83% of the stock is owned by institutional investors.

Insider Activity at Blue Owl Capital

In related news, Director Chris Temple bought 15,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares in the company, valued at $754,800. The trade was a 41.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

OBDC has been the topic of a number of recent analyst reports. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Wells Fargo & Company upgraded shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $14.00 to $15.00 in a report on Monday, March 17th. Jefferies Financial Group started 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. Finally, Keefe, Bruyette & Woods lowered their target price on 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. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average price target of $16.21.

Blue Owl Capital Trading Up 2.5 %

Shares of Blue Owl Capital stock traded up $0.34 during midday trading on Thursday, reaching $13.87. The company had a trading volume of 1,807,405 shares, compared to its average volume of 2,542,659. The stock has a fifty day moving average price of $14.64 and a 200 day moving average price of $14.90. Blue Owl Capital Co. has a fifty-two week low of $12.11 and a fifty-two week high of $16.91. The firm has a market cap of $7.09 billion, a PE ratio of 9.08 and a beta of 0.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. On average, equities analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date was Monday, March 31st. Blue Owl Capital's dividend payout ratio is 96.73%.

About Blue Owl Capital

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.