Blue Owl Capital Co. (NYSE:OBDC) Holdings Raised by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 400,286 shares of the company’s stock after purchasing an additional 6,889 shares during the period. Oppenheimer & Co. Inc.’s holdings in Blue Owl Capital were worth $6,052,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. NewEdge Wealth LLC lifted its holdings in shares of Blue Owl Capital by 23.8% during the fourth quarter. NewEdge Wealth LLC now owns 107,306 shares of the company’s stock valued at $1,622,000 after purchasing an additional 20,612 shares during the last quarter. Canton Hathaway LLC purchased a new stake in Blue Owl Capital in the 4th quarter worth about $84,000. Bank of New York Mellon Corp lifted its stake in Blue Owl Capital by 104.6% in the 4th quarter. Bank of New York Mellon Corp now owns 80,539 shares of the company’s stock worth $1,218,000 after acquiring an additional 41,172 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Blue Owl Capital in the 4th quarter worth about $976,000. Finally, WESPAC Advisors LLC lifted its stake in Blue Owl Capital by 6.1% in the 4th quarter. WESPAC Advisors LLC now owns 113,962 shares of the company’s stock worth $1,723,000 after acquiring an additional 6,576 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 1.8 %

OBDC opened at $15.45 on Friday. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The business has a 50-day moving average of $15.13 and a 200-day moving average of $15.00. 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 $6.03 billion, a PE ratio of 10.10 and a beta of 0.83.

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

Blue Owl Capital Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, February 28th. Blue Owl Capital’s dividend payout ratio is 96.73%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.08.

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.