Apollon Wealth Management LLC Takes $1.24 Million Position in Blue Owl Capital Co. (NYSE:OBDC)

Apollon Wealth Management LLC bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 84,146 shares of the company's stock, valued at approximately $1,242,000.

Other hedge funds have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC bought a new position in Blue Owl Capital during the fourth quarter valued at approximately $41,000. Spire Wealth Management purchased a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $45,000. CVA Family Office LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $61,000. Register Financial Advisors LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth $64,000. Finally, Parkside Financial Bank & Trust purchased a new stake in Blue Owl Capital during the fourth quarter worth $66,000. Institutional investors own 42.83% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on OBDC. JMP Securities reiterated a "market outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research note on Tuesday, March 26th. 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 report on Monday, January 29th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $15.50.

Blue Owl Capital Stock Performance

NYSE OBDC traded down $0.15 on Thursday, hitting $16.17. 2,835,171 shares of the company's stock were exchanged, compared to its average volume of 2,000,291. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60. Blue Owl Capital Co. has a fifty-two week low of $12.49 and a fifty-two week high of $16.42. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 8.04 and a beta of 0.88. The firm's 50-day moving average price is $15.49 and its two-hundred day moving average price is $14.96.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings results 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 net margin of 50.14% and a return on equity of 12.62%. The company had revenue of $411.23 million for the quarter, compared to the consensus estimate of $397.42 million. On average, 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 given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Thursday, February 29th. Blue Owl Capital's dividend payout ratio is 68.97%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of $15.07 per share, with a total value 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 document filed with the SEC, which is available through this link. Company insiders own 0.12% of the company's stock.

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.