International Assets Investment Management LLC Invests $2.18 Million in Blue Owl Capital Co. (NYSE:OBDC)

International Assets Investment Management LLC acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 14,760 shares of the company’s stock, valued at approximately $2,180,000.

Several other large investors have also modified their holdings of the stock. Sound Income Strategies LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter worth $36,311,000. Border to Coast Pensions Partnership Ltd acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth $30,477,000. Next Capital Management LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth $25,009,000. Raymond James & Associates purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $12,765,000. Finally, Pettinga Financial Advisors LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $11,752,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

NYSE OBDC opened at $15.55 on Friday. Blue Owl Capital Co. has a fifty-two week low of $12.20 and a fifty-two week high of $15.83. The stock’s 50-day moving average is $15.22 and its two-hundred day moving average is $14.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $6.06 billion, a P/E ratio of 7.66 and a beta of 0.91.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. The company had revenue of $411.23 million for the quarter, compared to analyst estimates of $397.42 million. On average, analysts anticipate that Blue Owl Capital Co. will post 1.9 earnings per share for the current fiscal 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. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 2.06%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 68.97%.

Analyst Ratings Changes

Several brokerages recently issued reports on OBDC. B. Riley lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price objective for the company. in a report on Monday, January 8th. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Tuesday, March 26th. Finally, Wells Fargo & Company increased their price objective on Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $15.50.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the completion of the purchase, the director now owns 6,217 shares of the company’s stock, valued at approximately $93,690.19. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by corporate 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.