Core Wealth Partners LLC Invests $255,000 in Blue Owl Capital Co. (NYSE:OBDC)

Core Wealth Partners LLC purchased a new position in Blue Owl Capital Co. (NYSE:OBDCFree Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 17,256 shares of the company’s stock, valued at approximately $255,000.

Several other large investors also recently added to or reduced their stakes in OBDC. GPS Wealth Strategies Group LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $41,000. Spire Wealth Management purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $45,000. CVA Family Office LLC bought a new position in Blue Owl Capital in the 4th quarter worth about $61,000. Register Financial Advisors LLC bought a new position in Blue Owl Capital in the fourth quarter worth approximately $64,000. Finally, Parkside Financial Bank & Trust bought a new stake in Blue Owl Capital during the 4th quarter valued at $66,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of OBDC traded down $0.06 during trading hours on Wednesday, reaching $16.45. 2,572,097 shares of the company traded hands, compared to its average volume of 2,023,527. The stock has a market capitalization of $6.41 billion, a P/E ratio of 8.31 and a beta of 0.88. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.14. The business has a fifty day moving average price of $15.62 and a 200-day moving average price of $15.07. Blue Owl Capital Co. has a 12-month low of $12.80 and a 12-month high of $16.60.

Blue Owl Capital (NYSE:OBDCGet Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The firm had revenue of $411.23 million during the quarter, compared to analysts’ expectations of $397.42 million. Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. Equities analysts anticipate that Blue Owl Capital Co. will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.00%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.35. Blue Owl Capital’s dividend payout ratio is presently 70.71%.

Insider Buying and Selling

In related news, Director Edward H. Dalelio acquired 3,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average price of $15.07 per share, with a total value of $45,210.00. Following the acquisition, the director now directly owns 6,217 shares in the company, valued at approximately $93,690.19. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

OBDC has been the subject of several recent research reports. Truist Financial lifted their price objective on Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a report on Monday. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a report on Monday, January 29th. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Finally, Hovde Group upped their price target on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.07.

View Our Latest Analysis on OBDC

About Blue Owl Capital

(Free Report)

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.

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Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OBDC)

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