Palogic Value Management L.P. Has $1.78 Million Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Palogic Value Management L.P. boosted its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 7.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 117,536 shares of the company’s stock after acquiring an additional 8,553 shares during the quarter. Palogic Value Management L.P.’s holdings in Blue Owl Capital were worth $1,777,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Stephens Inc. AR boosted its stake in Blue Owl Capital by 3.3% in the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock valued at $50,294,000 after buying an additional 106,722 shares in the last quarter. Sound Income Strategies LLC boosted its stake in 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 valued at $45,727,000 after buying an additional 182,002 shares in the last quarter. Generali Asset Management SPA SGR acquired a new stake in Blue Owl Capital in the fourth quarter valued at about $34,103,000. Sage Advisors LLC raised its position in Blue Owl Capital by 3.9% in the fourth quarter. Sage Advisors LLC now owns 2,075,330 shares of the company’s stock valued at $31,379,000 after purchasing an additional 78,403 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Blue Owl Capital in the fourth quarter valued at about $28,434,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of OBDC opened at $15.06 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 debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The company has a market capitalization of $7.69 billion, a price-to-earnings ratio of 9.84 and a beta of 0.85. The business has a 50-day moving average of $15.01 and a 200-day moving average of $15.01.

Blue Owl Capital (NYSE:OBDC) last released its 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. 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 analysts’ expectations of $395.24 million. As a group, equities research analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.33%. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares of the company’s stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Wells Fargo & Company upgraded Blue Owl Capital from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $14.00 to $15.00 in a research report on Monday. Finally, JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.17.

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.