Greenwich Investment Management Inc. Makes New Investment in Blue Owl Capital Co. (NYSE:OBDC)

Greenwich Investment Management Inc. purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, HoldingsChannel reports. The fund purchased 140,390 shares of the company’s stock, valued at approximately $2,072,000. Blue Owl Capital accounts for 1.6% of Greenwich Investment Management Inc.’s holdings, making the stock its 14th biggest position.

Other institutional investors also recently modified their holdings of the company. Heritage Wealth Advisors purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $32,000. GPS Wealth Strategies Group LLC purchased a new stake in Blue Owl Capital during the 4th quarter worth about $41,000. Spire Wealth Management bought a new position in Blue Owl Capital in the 4th quarter worth about $45,000. Edmond DE Rothschild Holding S.A. purchased a new position in Blue Owl Capital during the 4th quarter valued at about $57,000. Finally, CVA Family Office LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $61,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 23rd. Royal Bank of Canada boosted their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Hovde Group boosted their target price on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Finally, Truist Financial raised their price target on Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average target price of $16.19.

Blue Owl Capital Trading Up 0.2 %

NYSE:OBDC traded up $0.03 during trading hours on Wednesday, reaching $15.98. The company’s stock had a trading volume of 1,681,590 shares, compared to its average volume of 1,984,997. The firm has a 50-day simple moving average of $16.08 and a 200-day simple moving average of $15.38. Blue Owl Capital Co. has a 1 year low of $12.99 and a 1 year high of $16.91. The firm has a market capitalization of $6.23 billion, a price-to-earnings ratio of 8.05 and a beta of 0.89. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.67 and a current ratio of 1.67.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. The company had revenue of $399.58 million for the quarter, compared to the consensus estimate of $399.16 million. Research analysts expect that Blue Owl Capital Co. will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, June 14th. Shareholders of record on Monday, June 3rd will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 31st. This represents a yield of 10%. Blue Owl Capital’s payout ratio is currently 70.71%.

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.