Blue Owl Capital Co. (NYSE:OBDC) Stake Boosted by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC raised its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,927 shares of the company’s stock after buying an additional 1,615 shares during the quarter. Insigneo Advisory Services LLC’s holdings in Blue Owl Capital were worth $755,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in OBDC. Gabelli Funds LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $452,000. Anchor Investment Management LLC raised its stake in Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock valued at $45,000 after purchasing an additional 1,500 shares during the period. Guggenheim Capital LLC lifted its holdings in shares of Blue Owl Capital by 6.1% in the fourth quarter. Guggenheim Capital LLC now owns 36,784 shares of the company’s stock valued at $556,000 after purchasing an additional 2,110 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth $216,000. Finally, Strategies Wealth Advisors LLC grew its holdings in shares of Blue Owl Capital by 5.0% during the fourth quarter. Strategies Wealth Advisors LLC now owns 32,485 shares of the company’s stock valued at $490,000 after buying an additional 1,550 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

OBDC stock opened at $13.56 on Thursday. The firm has a 50 day moving average of $14.64 and a two-hundred day moving average of $14.90. Blue Owl Capital Co. has a 12 month low of $12.11 and a 12 month high of $16.91. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 8.86 and a beta of 0.73. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $395.24 million. As a group, equities analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.05 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.47%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 96.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods reduced their price objective on 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. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. Finally, Jefferies Financial Group initiated coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They set a “buy” rating and a $16.00 price target on the stock. Three analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $16.21.

Insiders Place Their Bets

In other news, Director Chris Temple bought 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the acquisition, the director now directly owns 51,000 shares of the company’s stock, valued at $754,800. The trade was a 41.67 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company 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.