Verus Capital Partners LLC Purchases 49,664 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Verus Capital Partners LLC grew its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 113.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,336 shares of the company’s stock after purchasing an additional 49,664 shares during the quarter. Verus Capital Partners LLC’s holdings in Blue Owl Capital were worth $1,411,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of OBDC. Icon Wealth Advisors LLC lifted its stake in shares of Blue Owl Capital by 3,524.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock valued at $8,448,000 after buying an additional 563,800 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Blue Owl Capital by 4.9% in the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after acquiring an additional 347,155 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after acquiring an additional 182,002 shares during the period. Stephens Inc. AR grew its position in shares of Blue Owl Capital by 4.3% in the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock valued at $46,909,000 after purchasing an additional 132,386 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of Blue Owl Capital by 89.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company’s stock valued at $3,915,000 after purchasing an additional 121,947 shares during the period. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on OBDC. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Finally, Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.08.

Blue Owl Capital Trading Down 0.0 %

Shares of OBDC opened at $15.16 on Friday. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a market capitalization of $5.91 billion, a P/E ratio of 9.91 and a beta of 0.83. 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 firm’s 50 day simple moving average is $15.13 and its 200 day simple moving average is $15.00.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating 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 firm had revenue of $394.39 million for 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 fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 28th. Blue Owl Capital’s 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.