Condor Capital Management Has $5.33 Million Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Condor Capital Management increased its stake in Blue Owl Capital Co. (NYSE:OBDC) by 0.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 352,184 shares of the company’s stock after acquiring an additional 752 shares during the quarter. Condor Capital Management owned about 0.09% of Blue Owl Capital worth $5,325,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Stephens Inc. AR lifted its stake in 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 buying an additional 106,722 shares during the period. Sound Income Strategies LLC lifted its stake in 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 buying an additional 182,002 shares during the period. Generali Asset Management SPA SGR acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $34,103,000. Sage Advisors LLC lifted its stake in Blue Owl Capital by 3.9% in the fourth quarter. Sage Advisors LLC now owns 2,075,330 shares of the company’s stock valued at $31,379,000 after buying an additional 78,403 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $28,434,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OBDC has been the topic of several recent analyst reports. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Wells Fargo & Company raised Blue Owl Capital from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $14.00 to $15.00 in a research report on Monday. Finally, Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.17.

Blue Owl Capital Stock Up 0.5 %

Shares of NYSE:OBDC opened at $15.00 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The company has a market capitalization of $7.66 billion, a PE ratio of 9.80 and a beta of 0.85. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The business has a fifty day moving average price of $15.01 and a two-hundred day moving average price of $15.01.

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

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. Blue Owl Capital’s payout ratio is currently 96.73%.

Insider Buying and Selling at Blue Owl Capital

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

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.