First National Trust Co Buys 3,497 Shares of Blue Owl Capital Co. (NYSE:OBDC)

First National Trust Co boosted its stake in Blue Owl Capital Co. (NYSE:OBDC) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,021 shares of the company’s stock after purchasing an additional 3,497 shares during the period. First National Trust Co’s holdings in Blue Owl Capital were worth $2,193,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in OBDC. Sound Income Strategies LLC grew its position in shares of Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after acquiring an additional 182,002 shares during the period. Advisors Asset Management Inc. grew its position in shares of Blue Owl Capital by 16.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock valued at $4,878,000 after acquiring an additional 48,136 shares during the period. Franklin Resources Inc. grew its position in shares of Blue Owl Capital by 11.2% during the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock valued at $11,116,000 after acquiring an additional 74,959 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $814,000. Finally, Arkadios Wealth Advisors grew its position in shares of Blue Owl Capital by 80.9% during the 4th quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company’s stock valued at $759,000 after acquiring an additional 22,440 shares during the period. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Up 2.5 %

Shares of OBDC stock opened at $14.43 on Friday. The stock has a market cap of $7.37 billion, a P/E ratio of 9.43 and a beta of 0.85. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week 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’s fifty day simple moving average is $15.02 and its two-hundred day simple moving average is $15.02.

Blue Owl Capital (NYSE:OBDC) last announced 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. The business had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. Analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.39%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s payout ratio is currently 96.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OBDC. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. 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. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.08.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now owns 51,000 shares of the company’s stock, valued at $754,800. This represents a 41.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

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.