Truvestments Capital LLC Increases Stake in Blue Owl Capital Co. (NYSE:OBDC)

Truvestments Capital LLC lifted its stake in Blue Owl Capital Co. (NYSE:OBDC) by 6.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 205,179 shares of the company’s stock after purchasing an additional 12,165 shares during the quarter. Truvestments Capital LLC’s holdings in Blue Owl Capital were worth $3,102,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Atria Wealth Solutions Inc. raised its position in Blue Owl Capital by 1.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock worth $1,014,000 after buying an additional 685 shares during the last quarter. Amplius Wealth Advisors LLC raised its position in Blue Owl Capital by 1.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock worth $615,000 after buying an additional 702 shares during the last quarter. Channel Wealth LLC raised its position in Blue Owl Capital by 1.9% during the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock worth $673,000 after buying an additional 823 shares during the last quarter. Gilbert & Cook Inc. raised its position in Blue Owl Capital by 3.5% during the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company’s stock worth $427,000 after buying an additional 1,000 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Blue Owl Capital by 9.5% during the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock worth $222,000 after buying an additional 1,321 shares during the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of Blue Owl Capital stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the acquisition, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $14.50 on Wednesday. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year 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 company’s fifty day moving average price is $15.07 and its 200 day moving average price is $15.04. The stock has a market capitalization of $7.40 billion, a P/E ratio of 9.47 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. As a group, equities research analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.38%. Blue Owl Capital’s dividend payout ratio is presently 96.73%.

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.