Perigon Wealth Management LLC Purchases New Position in Blue Owl Capital Co. (NYSE:OBDC)

Perigon Wealth Management LLC purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 22,521 shares of the company’s stock, valued at approximately $332,000.

Other large investors have also added to or reduced their stakes in the company. Regents of The University of California bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $258,421,000. Sound Income Strategies LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $36,311,000. Border to Coast Pensions Partnership Ltd bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $30,477,000. Next Capital Management LLC bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $25,009,000. Finally, Raymond James & Associates bought a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $12,765,000. Institutional investors own 42.83% of the company’s stock.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 3,000 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the purchase, the director now owns 6,217 shares of the company’s stock, valued at $93,690.19. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on OBDC. B. Riley cut shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 target price on the stock. in a research report on Monday, January 8th. 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. Finally, Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $15.50.

Blue Owl Capital Trading Up 0.4 %

Shares of OBDC stock opened at $15.37 on Wednesday. The company has a 50 day moving average of $15.18 and a 200-day moving average of $14.70. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. Blue Owl Capital Co. has a 12-month low of $12.20 and a 12-month high of $15.83. The firm has a market cap of $5.99 billion, a P/E ratio of 7.57 and a beta of 0.91.

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

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a yield of 2.08%. Blue Owl Capital’s dividend payout ratio is 68.97%.

About Blue Owl Capital

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.