First National Trust Co Takes Position in Blue Owl Capital Co. (NYSE:OBDC)

First National Trust Co bought a new stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 76,966 shares of the company's stock, valued at approximately $1,136,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OBDC. Mackenzie Financial Corp bought a new stake in Blue Owl Capital in the fourth quarter valued at $795,000. abrdn plc acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth about $1,965,000. Koshinski Asset Management Inc. acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth about $1,170,000. Tectonic Advisors LLC bought a new position in Blue Owl Capital during the 4th quarter valued at about $5,417,000. Finally, Atria Wealth Solutions Inc. acquired a new position in Blue Owl Capital in the fourth quarter valued at about $1,074,000. 42.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In related news, Director Edward H. Dalelio purchased 3,000 shares of the business's stock in a transaction dated Tuesday, March 5th. The shares were bought at an average price of $15.07 per share, with a total value of $45,210.00. Following the purchase, the director now directly owns 6,217 shares in the company, valued at approximately $93,690.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by company insiders.

Blue Owl Capital Trading Down 0.1 %

OBDC traded down $0.02 during mid-day trading on Friday, reaching $16.02. The stock had a trading volume of 1,325,362 shares, compared to its average volume of 1,878,760. The stock has a market capitalization of $6.24 billion, a P/E ratio of 7.89 and a beta of 0.88. 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 firm's fifty day simple moving average is $15.41 and its two-hundred day simple moving average is $14.91. Blue Owl Capital Co. has a 52 week low of $12.20 and a 52 week high of $16.16.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $411.23 million for the quarter, compared to analyst estimates 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 analysts predict that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date was Thursday, February 29th. Blue Owl Capital's dividend payout ratio (DPR) is currently 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.