Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Bard Associates Inc.

Bard Associates Inc. trimmed its stake in Blue Owl Capital Co. (NYSE:OBDC) by 6.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 68,310 shares of the company’s stock after selling 4,700 shares during the quarter. Bard Associates Inc.’s holdings in Blue Owl Capital were worth $1,058,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in OBDC. Icon Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 3,524.0% in the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after acquiring an additional 563,800 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Blue Owl Capital by 4.9% in the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after purchasing an additional 347,155 shares during the period. Sound Income Strategies LLC grew its position in shares of Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after purchasing an additional 182,002 shares during the period. Kingswood Wealth Advisors LLC grew its position in shares of Blue Owl Capital by 89.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company’s stock valued at $3,915,000 after purchasing an additional 121,947 shares during the period. Finally, Stephens Inc. AR grew its position in shares of Blue Owl Capital by 3.3% in the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock valued at $50,294,000 after purchasing an additional 106,722 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 1.0 %

NYSE:OBDC opened at $15.30 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. The business’s 50-day simple moving average is $15.13 and its 200 day simple moving average is $15.02. The stock has a market cap of $7.82 billion, a price-to-earnings ratio of 10.00 and a beta of 0.83.

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

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 96.73%.

Analysts Set New Price Targets

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

About Blue Owl Capital

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.