BluePointe Capital Management LLC Buys 15,367 Shares of Blue Owl Capital Co. (NYSE:OBDC)

BluePointe Capital Management LLC raised its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 11.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 144,940 shares of the company’s stock after purchasing an additional 15,367 shares during the quarter. Blue Owl Capital accounts for about 1.3% of BluePointe Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. BluePointe Capital Management LLC’s holdings in Blue Owl Capital were worth $2,243,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp boosted its stake 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 increased its holdings in shares of Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares in the last quarter. Westend Capital Management LLC raised its stake in shares of Blue Owl Capital by 58.8% in 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 last quarter. Venturi Wealth Management LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $77,000. Finally, Canton Hathaway LLC bought a new stake in Blue Owl Capital during the 4th quarter worth approximately $84,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Buying and Selling

In other news, Director Chris Temple purchased 15,000 shares of Blue Owl Capital stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now directly owns 51,000 shares in the company, valued at $754,800. The trade was a 41.67 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on OBDC shares. Keefe, Bruyette & Woods upgraded 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 upped their target price for the stock from $14.00 to $15.00 in a research report on Monday. 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 MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.17.

Blue Owl Capital Trading Up 0.5 %

NYSE:OBDC opened at $15.00 on Thursday. 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. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 9.80 and a beta of 0.85. The business’s 50-day moving average price is $15.01 and its two-hundred day moving average price is $15.01.

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

Blue Owl Capital Announces Dividend

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

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.