Benjamin F. Edwards & Company Inc. Makes New Investment in Blue Owl Capital Co. (NYSE:OBDC)

Benjamin F. Edwards & Company Inc. acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 51,300 shares of the company’s stock, valued at approximately $757,000.

Other institutional investors also recently modified their holdings of the company. GPS Wealth Strategies Group LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at about $41,000. CVA Family Office LLC bought a new position in Blue Owl Capital in the fourth quarter worth approximately $61,000. Register Financial Advisors LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $64,000. Parkside Financial Bank & Trust acquired a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $66,000. Finally, Bourgeon Capital Management LLC bought a new position in shares of Blue Owl Capital in the 4th quarter worth $70,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Activity

In other news, Director Edward H. Dalelio purchased 3,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average cost of $15.07 per share, with a total value of $45,210.00. Following the acquisition, the director now directly owns 6,217 shares in the company, valued at $93,690.19. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $16.33 on Wednesday. The stock has a market capitalization of $6.36 billion, a P/E ratio of 8.04 and a beta of 0.88. Blue Owl Capital Co. has a 52-week low of $12.49 and a 52-week high of $16.42. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s 50-day simple moving average is $15.46 and its 200 day simple moving average is $14.95.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $411.23 million for the quarter, compared to analyst estimates of $397.42 million. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. As a group, research analysts anticipate that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s payout ratio is presently 68.97%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a report on Monday, January 29th. JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Hold” and a consensus price target of $15.50.

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.