Raymond James Financial Inc. Acquires Shares of 1,880,570 Blue Owl Capital Co. (NYSE:OBDC)

Raymond James Financial Inc. acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,880,570 shares of the company’s stock, valued at approximately $28,434,000. Raymond James Financial Inc. owned about 0.48% of Blue Owl Capital as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Fifth Third Bancorp grew its position in shares of Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after acquiring an additional 1,922 shares during the period. National Bank of Canada FI grew its position in shares of Blue Owl Capital by 144.7% during the 3rd 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 during the period. Westend Capital Management LLC grew its position in shares of Blue Owl Capital by 58.8% during the 4th 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 acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $77,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at about $84,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost 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 approximately $754,800. The trade was a 41.67 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented 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. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Finally, JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.08.

Blue Owl Capital Price Performance

OBDC stock opened at $14.43 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The business has a 50 day simple moving average of $15.02 and a 200-day simple moving average of $15.02. The firm has a market capitalization of $7.37 billion, a PE ratio of 9.43 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.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly 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. 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. Equities research analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is presently 96.73%.

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.