133,141 Shares in Blue Owl Capital Co. (NYSE:OBDC) Acquired by abrdn plc

abrdn plc acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 133,141 shares of the company’s stock, valued at approximately $1,965,000.

A number of other institutional investors have also recently added to or reduced their stakes in OBDC. GPS Wealth Strategies Group LLC purchased a new position in Blue Owl Capital during the fourth quarter worth approximately $41,000. CVA Family Office LLC purchased a new stake in Blue Owl Capital in the fourth quarter valued at $61,000. Register Financial Advisors LLC purchased a new stake in Blue Owl Capital in the fourth quarter valued at $64,000. Bourgeon Capital Management LLC purchased a new stake in Blue Owl Capital in the fourth quarter valued at $70,000. Finally, Global Strategic Investment Solutions LLC purchased a new stake in Blue Owl Capital in the fourth quarter valued at $154,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insider Buying and Selling

In related news, Director Edward H. Dalelio bought 3,000 shares of the stock in a transaction that occurred 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 purchase, the director now directly 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 available at the SEC website. 0.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

OBDC has been the topic of a number of research analyst reports. B. Riley downgraded 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. Wells Fargo & Company lifted their target price on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research report on Monday, January 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.50.

Blue Owl Capital Trading Up 1.1 %

Shares of NYSE OBDC opened at $15.93 on Monday. Blue Owl Capital Co. has a twelve month low of $12.20 and a twelve month high of $15.95. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18. The stock has a fifty day simple moving average of $15.32 and a 200-day simple moving average of $14.82. The stock 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 quarterly earnings data on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $411.23 million during the quarter, compared to analysts’ expectations of $397.42 million. On average, equities analysts forecast that Blue Owl Capital Co. will post 1.9 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 2.01%. Blue Owl Capital’s 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.