Cullen Frost Bankers Inc. Invests $119,000 in Blue Owl Capital Co. (NYSE:OBDC)

Cullen Frost Bankers Inc. bought a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,900 shares of the company’s stock, valued at approximately $119,000.

Several other institutional investors also recently bought and sold shares of OBDC. US Bancorp DE lifted its position in Blue Owl Capital by 226.3% in the third quarter. US Bancorp DE now owns 18,988 shares of the company’s stock valued at $277,000 after purchasing an additional 13,168 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Blue Owl Capital by 44.5% in the third quarter. Farther Finance Advisors LLC now owns 12,987 shares of the company’s stock worth $189,000 after buying an additional 3,998 shares during the period. Legacy Capital Wealth Partners LLC raised its holdings in Blue Owl Capital by 96.8% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock valued at $3,054,000 after buying an additional 103,123 shares during the last quarter. Apollon Wealth Management LLC boosted its position in Blue Owl Capital by 1.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 110,016 shares of the company’s stock valued at $1,603,000 after buying an additional 1,760 shares during the period. Finally, First National Trust Co grew its holdings in Blue Owl Capital by 83.9% in the 3rd quarter. First National Trust Co now owns 141,524 shares of the company’s stock worth $2,062,000 after acquiring an additional 64,558 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on OBDC shares. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.08.

Blue Owl Capital Stock Up 1.7 %

Shares of NYSE:OBDC opened at $14.99 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The firm has a market capitalization of $7.66 billion, a P/E ratio of 9.80 and a beta of 0.85. The stock has a 50 day moving average price of $15.08 and a 200-day moving average price of $15.03.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The business had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. As a group, equities research analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid 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 currently 96.73%.

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.