Sagespring Wealth Partners LLC Acquires New Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Sagespring Wealth Partners LLC bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, HoldingsChannel reports. The fund bought 11,276 shares of the company’s stock, valued at approximately $170,000.

Several other institutional investors also recently modified their holdings of the stock. Melia Wealth LLC increased its stake in shares of Blue Owl Capital by 3.0% in the fourth quarter. Melia Wealth LLC now owns 974,164 shares of the company’s stock valued at $14,729,000 after buying an additional 28,185 shares during the period. Rockefeller Capital Management L.P. increased its position in Blue Owl Capital by 9.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 575,230 shares of the company’s stock valued at $8,697,000 after acquiring an additional 51,075 shares during the period. Raymond James Financial Inc. bought a new position in shares of Blue Owl Capital during the fourth quarter valued at $28,434,000. Texas Yale Capital Corp. acquired a new position in shares of Blue Owl Capital during the fourth quarter worth $160,000. Finally, Legal & General Group Plc grew its stake in shares of Blue Owl Capital by 7.9% in the fourth quarter. Legal & General Group Plc now owns 373,584 shares of the company’s stock worth $5,650,000 after purchasing an additional 27,208 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 2.4 %

Shares of NYSE OBDC opened at $13.85 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The firm has a market cap of $7.08 billion, a PE ratio of 9.05 and a beta of 0.73. The company’s fifty day simple moving average is $14.62 and its 200 day simple moving average is $14.89. Blue Owl Capital Co. has a 12-month low of $12.11 and a 12-month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released 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 company had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. As a group, sell-side analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their target price on Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company raised Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their price objective 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 restated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They set a “buy” rating and a $16.00 price objective for the company. Three research analysts have rated the stock with a hold rating, five have assigned 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.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were bought 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 approximately $754,800. The trade was a 41.67 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

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.