Granite FO LLC Reduces Position in Blue Owl Capital Co. (NYSE:OBDC)

Granite FO LLC lessened its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 3.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,300 shares of the company’s stock after selling 2,500 shares during the quarter. Blue Owl Capital makes up 0.7% of Granite FO LLC’s portfolio, making the stock its 22nd largest holding. Granite FO LLC’s holdings in Blue Owl Capital were worth $1,169,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp lifted its stake in shares of Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after buying an additional 1,922 shares in the last quarter. National Bank of Canada FI lifted its stake 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 valued at $61,000 after buying an additional 2,460 shares in the last quarter. Westend Capital Management LLC lifted its stake in shares of Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after buying an additional 1,784 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at $77,000. Finally, Canton Hathaway LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at $84,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $14.85 on Thursday. The company’s 50-day moving average price is $15.12 and its 200-day moving average price is $15.03. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The company has a market cap of $7.58 billion, a PE ratio of 9.70 and a beta of 0.83.

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

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.35%. Blue Owl Capital’s payout ratio is 96.73%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.08.

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.