Gilbert & Cook Inc. Raises Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Gilbert & Cook Inc. lifted its stake in Blue Owl Capital Co. (NYSE:OBDC) by 74.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 51,176 shares of the company’s stock after acquiring an additional 21,849 shares during the period. Gilbert & Cook Inc.’s holdings in Blue Owl Capital were worth $774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of OBDC. Van ECK Associates Corp lifted its holdings in shares of Blue Owl Capital by 4.9% during the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after purchasing an additional 347,155 shares during the period. Stephens Inc. AR lifted its stake in Blue Owl Capital by 4.3% during the 3rd quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock valued at $46,909,000 after acquiring an additional 132,386 shares during the period. Sound Income Strategies LLC boosted its holdings 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 during the last quarter. Sage Advisors LLC raised its holdings in shares of Blue Owl Capital by 3.7% during the third quarter. Sage Advisors LLC now owns 1,996,927 shares of the company’s stock worth $29,095,000 after purchasing an additional 71,503 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Blue Owl Capital by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company’s stock worth $26,659,000 after purchasing an additional 24,425 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of OBDC traded up $0.06 during trading hours on Thursday, reaching $15.00. 102,583 shares of the company traded hands, compared to its average volume of 2,463,472. The stock has a fifty day simple moving average of $15.12 and a 200 day simple moving average of $15.00. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The stock has a market capitalization of $5.85 billion, a PE ratio of 9.32 and a beta of 0.84. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $406.03 million during the quarter, compared to analysts’ expectations of $399.85 million. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. During the same quarter in the previous year, the firm posted $0.49 earnings per share. As a group, research analysts predict that Blue Owl Capital Co. will post 1.89 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.87%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s payout ratio is 91.93%.

Analyst Ratings Changes

OBDC has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lifted their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.92.

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.