Blue Owl Capital Co. (NYSE:OBDC) Position Increased by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its position in Blue Owl Capital Co. (NYSE:OBDC) by 12.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,650 shares of the company’s stock after acquiring an additional 1,663 shares during the quarter. Farther Finance Advisors LLC’s holdings in Blue Owl Capital were worth $222,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in OBDC. Raymond James Financial Inc. purchased a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $28,434,000. Icon Wealth Advisors LLC lifted its position in shares of Blue Owl Capital by 3,524.0% in the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock valued at $8,448,000 after acquiring an additional 563,800 shares in the last quarter. Sound Income Strategies LLC lifted its position in shares of Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after acquiring an additional 182,002 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Blue Owl Capital by 20.1% in the 4th quarter. HighTower Advisors LLC now owns 773,175 shares of the company’s stock valued at $11,690,000 after acquiring an additional 129,509 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its position in shares of Blue Owl Capital by 89.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company’s stock valued at $3,915,000 after acquiring an additional 121,947 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple bought 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now owns 51,000 shares of the company’s stock, valued at $754,800. This represents a 41.67 % increase in their position. The transaction was disclosed in a legal 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 Stock Up 0.5 %

Blue Owl Capital stock opened at $15.00 on Thursday. The company has a market capitalization of $7.66 billion, a P/E ratio of 9.80 and a beta of 0.85. The firm’s fifty day simple moving average is $15.01 and its 200-day simple moving average is $15.01. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. Sell-side analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Analyst Upgrades and Downgrades

OBDC has been the subject of several research analyst reports. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $14.00 to $15.00 in a research report on Monday. Three research analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.17.

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.