Global Assets Advisory LLC Makes New Investment in Blue Owl Capital Co. (NYSE:OBDC)

Global Assets Advisory LLC bought a new stake in shares of Blue Owl Capital Co. (NYSE:OBDCFree Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,280 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors also recently bought and sold shares of the company. State of New Jersey Common Pension Fund E purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $335,810,000. Regents of The University of California purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $258,421,000. Van ECK Associates Corp purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at approximately $100,726,000. Transcend Capital Advisors LLC acquired a new position in shares of Blue Owl Capital in the fourth quarter worth $56,354,000. Finally, LSV Asset Management acquired a new position in shares of Blue Owl Capital in the fourth quarter worth $51,197,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $15.58 on Friday. The firm’s 50 day moving average is $16.17 and its two-hundred day moving average is $15.46. The company has a market cap of $6.07 billion, a P/E ratio of 7.87 and a beta of 0.89. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.14.

Blue Owl Capital (NYSE:OBDCGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $399.58 million for the quarter, compared to analyst estimates of $399.16 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. Analysts expect that Blue Owl Capital Co. will post 1.88 EPS for the current year.

Blue Owl Capital Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.05 per share. This represents a yield of 10%. The ex-dividend date was Friday, May 31st. Blue Owl Capital’s dividend payout ratio is currently 70.71%.

Analyst Ratings Changes

OBDC has been the subject of several research reports. Hovde Group boosted their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. JMP Securities reiterated a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Royal Bank of Canada boosted their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Truist Financial upped their target price on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

Check Out Our Latest Analysis on Blue Owl Capital

About Blue Owl Capital

(Free Report)

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.

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Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OBDC)

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