Benjamin F. Edwards & Company Inc. Buys Shares of 51,300 Blue Owl Capital Co. (NYSE:OBDC)

Benjamin F. Edwards & Company Inc. bought a new position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 51,300 shares of the company's stock, valued at approximately $757,000.

Several other large investors also recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC purchased a new position in Blue Owl Capital in the 4th quarter worth about $41,000. CVA Family Office LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $61,000. Register Financial Advisors LLC bought a new position in Blue Owl Capital in the fourth quarter worth approximately $64,000. Parkside Financial Bank & Trust purchased a new position in Blue Owl Capital during the 4th quarter worth $66,000. Finally, Bourgeon Capital Management LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at $70,000. 42.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on OBDC. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Wells Fargo & Company raised their target price on Blue Owl Capital from $13.00 to $14.50 and gave the company 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 given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $15.50.

Blue Owl Capital Price Performance

Shares of OBDC stock remained flat at $16.33 during trading on Wednesday. 2,018,295 shares of the stock traded hands, compared to its average volume of 1,990,894. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 8.04 and a beta of 0.88. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60. The firm's 50-day moving average price is $15.46 and its two-hundred day moving average price is $14.95. Blue Owl Capital Co. has a 1 year low of $12.49 and a 1 year high of $16.42.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced 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. The company 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%. As a group, equities research analysts expect that Blue Owl Capital Co. will post 1.9 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital's payout ratio is 68.97%.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 3,000 shares of the business's stock in a transaction on 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 completion of the transaction, the director now directly owns 6,217 shares in the company, valued at $93,690.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is owned by corporate insiders.

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.