264,360 Shares in Blue Owl Capital Co. (NYSE:OBDC) Purchased by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc bought a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 264,360 shares of the company's stock, valued at approximately $3,902,000. Texas Capital Bank Wealth Management Services Inc owned approximately 0.07% of Blue Owl Capital at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. GPS Wealth Strategies Group LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $41,000. Spire Wealth Management acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $45,000. CVA Family Office LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $61,000. Register Financial Advisors LLC acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $64,000. Finally, Parkside Financial Bank & Trust acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $66,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OBDC has been the topic of a number of recent research reports. JMP Securities reaffirmed a "market outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Royal Bank of Canada boosted their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an "outperform" rating in a research report on Friday. Hovde Group boosted their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an "outperform" rating in a research report on Friday, May 10th. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an "underweight" rating in a research note on Monday, January 29th. Finally, Truist Financial lifted their price target on shares of Blue Owl Capital from $16.00 to $18.00 and gave the stock a "buy" rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.21.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Edward H. Dalelio acquired 3,000 shares of the business's stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the acquisition, the director now owns 6,217 shares in the company, valued at $93,690.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

Blue Owl Capital Price Performance

OBDC stock traded up $0.06 during trading on Friday, hitting $16.44. The company had a trading volume of 2,142,446 shares, compared to its average volume of 2,129,579. The firm has a market capitalization of $6.41 billion, a price-to-earnings ratio of 8.30 and a beta of 0.88. The business has a 50 day moving average of $15.67 and a 200 day moving average of $15.11. Blue Owl Capital Co. has a fifty-two week low of $12.89 and a fifty-two week high of $16.60. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.14.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted 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. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. The business had revenue of $411.23 million during the quarter, compared to the consensus estimate of $397.42 million. As a group, research analysts predict that Blue Owl Capital Co. will post 1.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.00%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, May 31st. Blue Owl Capital's dividend payout ratio is presently 70.71%.

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.