Carmel Capital Partners LLC Takes $1.71 Million Position in Blue Owl Capital Co. (NYSE:OBDC)

Carmel Capital Partners LLC purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 115,542 shares of the company's stock, valued at approximately $1,705,000. Blue Owl Capital makes up approximately 0.9% of Carmel Capital Partners LLC's holdings, making the stock its 21st biggest holding.

A number of other hedge funds and other institutional investors have also made changes to their positions in OBDC. Regents of The University of California bought a new position in Blue Owl Capital in the fourth quarter worth about $258,421,000. Sound Income Strategies LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at approximately $36,311,000. Strs Ohio bought a new position in Blue Owl Capital during the 4th quarter worth $32,449,000. Border to Coast Pensions Partnership Ltd acquired a new stake in Blue Owl Capital in the fourth quarter worth $30,477,000. Finally, Next Capital Management LLC bought a new stake in Blue Owl Capital in the fourth quarter valued at $25,009,000. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Price Performance

NYSE:OBDC traded up $0.09 during midday trading on Friday, hitting $15.54. 2,232,906 shares of the stock were exchanged, compared to its average volume of 1,997,581. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 7.66 and a beta of 0.91. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18. Blue Owl Capital Co. has a one year low of $12.20 and a one year high of $15.83. The business has a 50-day moving average price of $15.22 and a two-hundred day moving average price of $14.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. The company had revenue of $411.23 million for the quarter, compared to the consensus estimate of $397.42 million. Sell-side analysts predict that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors 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 2.06%. The ex-dividend date was Thursday, February 29th. Blue Owl Capital's dividend payout ratio is presently 68.97%.

Insider Buying and Selling

In related news, Director Edward H. Dalelio bought 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the acquisition, the director now directly owns 6,217 shares of the company's stock, valued at approximately $93,690.19. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on OBDC shares. JMP Securities restated a "market outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Tuesday, March 26th. B. Riley lowered shares of Blue Owl Capital from a "buy" rating to a "neutral" rating and set a $15.50 price target on the stock. in a research note on Monday, January 8th. Finally, Wells Fargo & Company boosted their price objective on 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 investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Hold" and a consensus price target of $15.50.

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.