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

Gilbert & Cook Inc. increased its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 74.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,176 shares of the company’s stock after acquiring an additional 21,849 shares during the quarter. 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 large investors have also recently modified their holdings of OBDC. Fifth Third Bancorp raised its holdings in Blue Owl Capital by 192.2% in the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after acquiring an additional 1,922 shares during the last quarter. 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 increased its position in Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares in the last quarter. nVerses Capital LLC raised its stake in Blue Owl Capital by 19.8% during the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after acquiring an additional 1,600 shares during the period. Finally, Quad Cities Investment Group LLC bought a new position in Blue Owl Capital in the 3rd quarter worth $148,000. Institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Blue Owl Capital Trading Up 0.4 %

Shares of OBDC stock traded up $0.06 during trading hours on Thursday, reaching $15.00. 102,583 shares of the stock were exchanged, compared to its average volume of 2,463,472. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The company’s 50-day moving average price is $15.12 and its 200-day moving average price is $15.00. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 9.32 and a beta of 0.84. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $406.03 million for the quarter, compared to the consensus estimate 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 business earned $0.49 EPS. As a group, equities analysts anticipate that Blue Owl Capital Co. will post 1.89 earnings per share for the current year.

Blue Owl Capital Increases Dividend

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

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.