Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by DGS Capital Management LLC

DGS Capital Management LLC reduced its position in Blue Owl Capital Co. (NYSE:OBDC) by 25.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,938 shares of the company’s stock after selling 4,814 shares during the quarter. DGS Capital Management LLC’s holdings in Blue Owl Capital were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OBDC. Advisors Asset Management Inc. lifted its stake in shares of Blue Owl Capital by 16.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock valued at $4,878,000 after purchasing an additional 48,136 shares in the last quarter. Sound Income Strategies LLC grew its stake in Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after buying an additional 182,002 shares during the period. Legacy Capital Wealth Partners LLC increased its position in shares of Blue Owl Capital by 96.8% in the third quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock worth $3,054,000 after acquiring an additional 103,123 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Blue Owl Capital by 11.2% in the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock valued at $11,116,000 after acquiring an additional 74,959 shares during the period. Finally, First National Trust Co lifted its holdings in shares of Blue Owl Capital by 83.9% during the 3rd quarter. First National Trust Co now owns 141,524 shares of the company’s stock valued at $2,062,000 after acquiring an additional 64,558 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. Finally, Wells Fargo & Company upped their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $15.92.

Blue Owl Capital Stock Performance

Shares of OBDC opened at $14.88 on Monday. The firm has a market cap of $5.80 billion, a price-to-earnings ratio of 9.24 and a beta of 0.84. The business’s 50 day moving average is $15.12 and its two-hundred day moving average is $15.01. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The business had revenue of $406.03 million during the quarter, compared to analyst estimates of $399.85 million. During the same period in the prior year, the firm earned $0.49 EPS. Analysts forecast that Blue Owl Capital Co. will post 1.89 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.95%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio is presently 91.93%.

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.