Legacy Capital Wealth Partners LLC Invests $1.59 Million in Blue Owl Capital Co. (NYSE:OBDC)

Legacy Capital Wealth Partners LLC bought a new stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 107,657 shares of the company's stock, valued at approximately $1,589,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State of New Jersey Common Pension Fund E bought a new stake in Blue Owl Capital during the 4th quarter worth about $335,810,000. Regents of The University of California bought a new stake in Blue Owl Capital during the 4th quarter worth about $258,421,000. Transcend Capital Advisors LLC bought a new stake in Blue Owl Capital during the 4th quarter worth about $56,354,000. Sound Income Strategies LLC bought a new stake in Blue Owl Capital during the 4th quarter worth about $36,311,000. Finally, Strs Ohio bought a new stake in Blue Owl Capital during the 4th quarter worth about $32,449,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Stock Up 1.1 %

Shares of OBDC traded up $0.18 on Friday, hitting $15.93. The company's stock had a trading volume of 1,546,877 shares, compared to its average volume of 1,938,436. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. The firm's fifty day moving average price is $15.32 and its 200-day moving average price is $14.82. Blue Owl Capital Co. has a fifty-two week low of $12.20 and a fifty-two week high of $15.95. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 7.85 and a beta of 0.91.

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

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital's dividend payout ratio (DPR) is presently 68.97%.

Analysts Set New Price Targets

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

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 3,000 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the purchase, the director now owns 6,217 shares in the company, valued at $93,690.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by company insiders.

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.