Private Advisor Group LLC Acquires Shares of 143,034 Blue Owl Capital Co. (NYSE:OBDC)

Private Advisor Group LLC acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 143,034 shares of the company's stock, valued at approximately $2,111,000.

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

Blue Owl Capital Stock Down 1.2 %

NYSE OBDC traded down $0.20 on Monday, hitting $16.35. 2,660,437 shares of the stock traded hands, compared to its average volume of 2,010,687. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.14. The stock has a 50-day moving average of $15.54 and a 200 day moving average of $15.01. Blue Owl Capital Co. has a twelve month low of $12.80 and a twelve month high of $16.59. The company has a market capitalization of $6.37 billion, a P/E ratio of 8.33 and a beta of 0.88.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 net margin of 48.25% and a return on equity of 12.64%. As a group, analysts expect that Blue Owl Capital Co. will post 1.9 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 9.05%. Blue Owl Capital's payout ratio is currently 70.71%.

Insider Buying and Selling

In related news, Director Edward H. Dalelio acquired 3,000 shares of the 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 completion of the purchase, the director now directly owns 6,217 shares of the company's stock, valued at $93,690.19. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on OBDC shares. Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an "underweight" rating in a research report on Monday, January 29th. JMP Securities reiterated 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. Hovde Group raised their price target on Blue Owl Capital from $16.00 to $17.00 and gave the company an "outperform" rating in a research report on Friday. Finally, Truist Financial boosted their price objective on shares of Blue Owl Capital from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of "Moderate Buy" and a consensus price target of $16.07.

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.