Mirae Asset Global Investments Co. Ltd. Acquires Shares of 16,297 Blue Owl Capital Co. (NYSE:OBDC)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,297 shares of the company’s stock, valued at approximately $241,000.

Other large investors have also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC bought a new position in shares of Blue Owl Capital in the fourth quarter valued at $41,000. CVA Family Office LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $61,000. Register Financial Advisors LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $64,000. Global Strategic Investment Solutions LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $154,000. Finally, Good Life Advisors LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $168,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $15.93 on Friday. Blue Owl Capital Co. has a 52-week low of $12.20 and a 52-week high of $15.95. The company has a 50-day simple moving average of $15.32 and a 200 day simple moving average of $14.81. 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 company has a market capitalization of $6.21 billion, a PE ratio of 7.85 and a beta of 0.91.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $411.23 million during 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%. On average, research analysts predict that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a yield of 2.01%. Blue Owl Capital’s dividend payout ratio is presently 68.97%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on OBDC shares. Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a report on Monday, January 29th. JMP Securities restated 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, B. Riley downgraded shares of 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Hold” and an average price target of $15.50.

Blue Owl Capital Company 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.