Trust Investment Advisors Acquires 3,581 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Trust Investment Advisors raised its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 6.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 57,048 shares of the company’s stock after acquiring an additional 3,581 shares during the period. Trust Investment Advisors’ holdings in Blue Owl Capital were worth $863,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Fifth Third Bancorp increased its holdings in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after purchasing an additional 1,922 shares during the last quarter. National Bank of Canada FI grew its position in shares of Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares during the period. Westend Capital Management LLC raised its position in shares of Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after acquiring an additional 1,784 shares during the period. Millstone Evans Group LLC bought a new position in Blue Owl Capital during the 4th quarter worth approximately $76,000. Finally, Venturi Wealth Management LLC acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $77,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Down 0.7 %

NYSE:OBDC opened at $15.15 on Wednesday. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The stock has a 50-day simple moving average of $15.03 and a 200 day simple moving average of $15.02. The company has a market cap of $7.74 billion, a PE ratio of 9.90 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, sell-side analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares in the company, valued at $754,800. This represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on OBDC shares. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Wells Fargo & Company raised Blue Owl Capital from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.17.

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.