Acorn Creek Capital LLC Makes New Investment in Blue Owl Capital Co. (NYSE:OBDC)

Acorn Creek Capital 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 firm bought 21,512 shares of the company’s stock, valued at approximately $325,000.

A number of other hedge funds also recently made changes to their positions in the business. Van ECK Associates Corp grew its stake in shares of Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after acquiring an additional 347,155 shares during the period. Stephens Inc. AR grew its stake in Blue Owl Capital by 4.3% in the 3rd quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock valued at $46,909,000 after buying an additional 132,386 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after acquiring an additional 182,002 shares during the period. Sage Advisors LLC lifted its position in shares of Blue Owl Capital by 3.7% during the third quarter. Sage Advisors LLC now owns 1,996,927 shares of the company’s stock worth $29,095,000 after acquiring an additional 71,503 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Blue Owl Capital by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company’s stock worth $26,659,000 after acquiring an additional 24,425 shares during the period. 42.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on OBDC shares. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average price target of $15.92.

Blue Owl Capital Stock Down 0.2 %

Shares of NYSE:OBDC opened at $14.85 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a fifty day moving average of $15.12 and a 200 day moving average of $15.00. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The firm has a market capitalization of $5.79 billion, a PE ratio of 9.22 and a beta of 0.84.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, November 6th. 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 $406.03 million for the quarter, compared to analysts’ expectations of $399.85 million. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. During the same period in the prior year, the business posted $0.49 earnings per share. As a group, research analysts anticipate that Blue Owl Capital Co. will post 1.89 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a yield of 9.97%. Blue Owl Capital’s payout ratio is currently 91.93%.

Blue Owl Capital 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.