Graypoint LLC Makes New Investment in Blue Owl Capital Co. (NYSE:OBDC)

Graypoint LLC acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 369,137 shares of the company's stock, valued at approximately $5,448,000. Graypoint LLC owned about 0.09% of Blue Owl Capital at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Regents of The University of California acquired a new stake in Blue Owl Capital during the 4th quarter valued at approximately $258,421,000. Sound Income Strategies LLC acquired a new stake in Blue Owl Capital during the 4th quarter valued at approximately $36,311,000. Border to Coast Pensions Partnership Ltd acquired a new stake in Blue Owl Capital during the 4th quarter valued at approximately $30,477,000. Next Capital Management LLC acquired a new stake in Blue Owl Capital during the 4th quarter valued at approximately $25,009,000. Finally, Raymond James & Associates acquired a new stake in Blue Owl Capital during the 4th quarter valued at approximately $12,765,000. Institutional investors own 42.83% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OBDC shares. B. Riley downgraded shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and set a $15.50 price objective for the company. in a research report on Monday, January 8th. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company raised their price objective on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an "underweight" rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Hold" and an average target price of $15.50.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were bought at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the purchase, the director now directly owns 6,217 shares of the company's stock, valued at approximately $93,690.19. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.12% of the company's stock.

Blue Owl Capital Stock Down 0.7 %

NYSE OBDC traded down $0.11 during mid-day trading on Friday, hitting $15.43. The company's stock had a trading volume of 2,088,532 shares, compared to its average volume of 2,142,926. The company's 50 day simple moving average is $15.15 and its 200 day simple moving average is $14.68. Blue Owl Capital Co. has a twelve month low of $12.20 and a twelve month high of $15.83. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $6.01 billion, a price-to-earnings ratio of 7.60 and a beta of 0.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. The business had revenue of $411.23 million during the quarter, compared to the consensus estimate of $397.42 million. Analysts anticipate that Blue Owl Capital Co. will post 1.9 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.07%. The ex-dividend date was Thursday, February 29th. Blue Owl Capital's dividend payout ratio (DPR) is presently 68.97%.

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.