NewEdge Advisors LLC Lowers Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

NewEdge Advisors LLC cut its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 271,254 shares of the company’s stock after selling 6,491 shares during the period. NewEdge Advisors LLC owned about 0.07% of Blue Owl Capital worth $4,101,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Insigneo Advisory Services LLC increased its stake in Blue Owl Capital by 3.3% during the 4th quarter. Insigneo Advisory Services LLC now owns 49,927 shares of the company’s stock worth $755,000 after buying an additional 1,615 shares during the period. Gabelli Funds LLC acquired a new position in shares of Blue Owl Capital in the fourth quarter worth $452,000. Anchor Investment Management LLC grew its stake in shares of Blue Owl Capital by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock worth $45,000 after acquiring an additional 1,500 shares in the last quarter. Guggenheim Capital LLC increased its position in shares of Blue Owl Capital by 6.1% during the fourth quarter. Guggenheim Capital LLC now owns 36,784 shares of the company’s stock worth $556,000 after acquiring an additional 2,110 shares during the period. Finally, XTX Topco Ltd acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at $216,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $13.85 on Friday. The stock’s 50-day moving average is $14.59 and its two-hundred day moving average is $14.89. 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 1 year low of $12.11 and a 1 year high of $16.91. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 9.05 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.44%. Blue Owl Capital’s dividend payout ratio is presently 96.73%.

Wall Street Analyst Weigh In

OBDC has been the topic of a number of analyst reports. Jefferies Financial Group started coverage on Blue Owl Capital in a research report on Friday, April 11th. They issued a “buy” rating and a $16.00 price target on the stock. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $14.00 to $15.00 in a research note on Monday, March 17th. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $16.21.

Insider Transactions at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the acquisition, the director now directly owns 51,000 shares in the company, valued at $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company’s stock.

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.