Intellectus Partners LLC Buys Shares of 112,229 Blue Owl Capital Co. (NYSE:OBDC)

Intellectus Partners LLC bought a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 112,229 shares of the company’s stock, valued at approximately $1,696,000.

Several other hedge funds and other institutional investors also recently modified their holdings of OBDC. GPS Wealth Strategies Group LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $41,000. CVA Family Office LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $61,000. Register Financial Advisors LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $64,000. Parkside Financial Bank & Trust acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $66,000. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $70,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OBDC. Wells Fargo & Company raised their price target on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a report on Monday, January 29th. B. Riley cut 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. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Hold” and a consensus target price of $15.50.

Blue Owl Capital Price Performance

OBDC stock traded up $0.18 during midday trading on Friday, hitting $15.93. 1,546,877 shares of the stock were exchanged, compared to its average volume of 1,938,436. Blue Owl Capital Co. has a fifty-two week low of $12.20 and a fifty-two week high of $15.95. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 7.85 and a beta of 0.91. The stock’s 50-day moving average price is $15.32 and its 200-day moving average price is $14.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 1.60.

Blue Owl Capital (NYSE:OBDC) last released its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $397.42 million. Research analysts predict 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 declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.01%. Blue Owl Capital’s dividend payout ratio (DPR) is 68.97%.

Insider Transactions at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 3,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was bought at an average cost 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.12% of the company’s stock.

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.