Van ECK Associates Corp Buys New Shares in Blue Owl Capital Co. (NYSE:OBDC)

Van ECK Associates Corp purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 6,824,256 shares of the company's stock, valued at approximately $100,726,000. Van ECK Associates Corp owned 1.75% of Blue Owl Capital at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in OBDC. First Affirmative Financial Network acquired a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $235,000. Wedmont Private Capital acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $311,000. Dfpg Investments LLC acquired a new stake in Blue Owl Capital during the 4th quarter worth approximately $2,333,000. Sound Income Strategies LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter worth about $36,311,000. Finally, Cornerstone Wealth Management LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter worth $636,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Price Performance

NYSE OBDC traded down $0.05 during trading on Tuesday, reaching $15.90. 1,529,722 shares of the company traded hands, compared to its average volume of 1,988,624. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 1.60. The stock's 50 day moving average price is $15.34 and its two-hundred day moving average price is $14.84. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 7.83 and a beta of 0.91. Blue Owl Capital Co. has a 1-year low of $12.20 and a 1-year high of $16.02.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $411.23 million during the quarter, compared to analysts' expectations of $397.42 million. As a group, analysts anticipate that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was bought at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the transaction, the director now 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 the SEC website. 0.12% of the stock is currently owned by corporate insiders.

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.