Austin Private Wealth LLC Makes New $237,000 Investment in Blue Owl Capital Co. (NYSE:OBDC)

Austin Private Wealth LLC bought a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,032 shares of the company’s stock, valued at approximately $237,000.

Several other large investors have also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC acquired a new stake in Blue Owl Capital in the 4th quarter valued at $41,000. CVA Family Office LLC purchased a new position in Blue Owl Capital during the fourth quarter valued at $61,000. Register Financial Advisors LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $64,000. Global Strategic Investment Solutions LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth about $154,000. Finally, Good Life Advisors LLC acquired a new stake in Blue Owl Capital in the 4th quarter worth about $168,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Edward H. Dalelio purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were purchased at an average price of $15.07 per share, with a total value of $45,210.00. Following the completion of the acquisition, the director now directly owns 6,217 shares in the company, valued at approximately $93,690.19. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.10% of the company’s stock.

Blue Owl Capital Stock Up 0.7 %

Blue Owl Capital stock traded up $0.11 during midday trading on Thursday, reaching $15.38. The company’s stock had a trading volume of 2,795,338 shares, compared to its average volume of 1,990,374. The business has a 50-day simple moving average of $15.05 and a 200-day simple moving average of $14.54. The company has a market cap of $5.99 billion, a P/E ratio of 7.60 and a beta of 0.91. Blue Owl Capital Co. has a fifty-two week low of $12.20 and a fifty-two week high of $15.55. 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 (NYSE:OBDC) last released its quarterly earnings data 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. 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 for the quarter, compared to analysts’ expectations of $397.42 million. On average, research analysts expect that Blue Owl Capital Co. will post 1.9 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

OBDC has been the topic of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a research note on Tuesday. B. Riley lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 target price for the company. in a research note on Monday, January 8th. Finally, Wells Fargo & Company increased their price objective 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 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 data from MarketBeat, Blue Owl Capital has an average rating of “Hold” and a consensus target price of $15.50.

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.