Blue Owl Capital Co. (NYSE:OBDC) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 20.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 403,513 shares of the company’s stock after buying an additional 68,738 shares during the period. Advisors Asset Management Inc. owned approximately 0.10% of Blue Owl Capital worth $6,101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Fifth Third Bancorp grew its position in Blue Owl Capital by 192.2% in the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after buying an additional 1,922 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after acquiring an additional 2,460 shares in the last quarter. Westend Capital Management LLC increased its stake in shares of Blue Owl Capital by 58.8% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after acquiring an additional 1,784 shares during the period. Venturi Wealth Management LLC bought a new stake in Blue Owl Capital during the fourth quarter worth approximately $77,000. Finally, Canton Hathaway LLC acquired a new stake in Blue Owl Capital in the fourth quarter worth approximately $84,000. 42.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Blue Owl Capital Trading Up 0.5 %

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

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

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.33%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s payout ratio is 96.73%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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.