Union Bancaire Privee UBP SA Makes New $976,000 Investment in Blue Owl Capital Co. (NYSE:OBDC)

Union Bancaire Privee UBP SA bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 64,547 shares of the company’s stock, valued at approximately $976,000.

A number of other hedge funds also recently bought and sold shares of OBDC. Raymond James & Associates lifted its holdings in Blue Owl Capital by 15.9% during the third quarter. Raymond James & Associates now owns 955,598 shares of the company’s stock worth $13,923,000 after buying an additional 130,808 shares during the period. Private Advisor Group LLC increased its position in shares of Blue Owl Capital by 4.1% during the third quarter. Private Advisor Group LLC now owns 153,811 shares of the company’s stock worth $2,241,000 after purchasing an additional 5,993 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Blue Owl Capital during the third quarter worth $12,810,000. Arkadios Wealth Advisors increased its position in shares of Blue Owl Capital by 17.8% during the third quarter. Arkadios Wealth Advisors now owns 27,755 shares of the company’s stock worth $404,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Blue Owl Capital by 35.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,105 shares of the company’s stock worth $570,000 after purchasing an additional 10,298 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

NYSE OBDC opened at $15.44 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The stock’s fifty day moving average price is $15.11 and its 200 day moving average price is $14.99. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The company has a market cap of $6.02 billion, a price-to-earnings ratio of 10.09 and a beta of 0.83.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The firm had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. As a group, equities research analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 28th. Blue Owl Capital’s payout ratio is 96.73%.

Wall Street Analyst Weigh In

OBDC has been the topic of a number of recent analyst reports. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. 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 research report on Tuesday, October 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.08.

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.