Fiduciary Group LLC Purchases 2,436 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Fiduciary Group LLC lifted its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 12.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 22,497 shares of the company’s stock after acquiring an additional 2,436 shares during the quarter. Fiduciary Group LLC’s holdings in Blue Owl Capital were worth $340,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after acquiring an additional 1,922 shares during the period. National Bank of Canada FI boosted its stake in Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after purchasing an additional 2,460 shares during the period. Westend Capital Management LLC boosted its stake in Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after purchasing an additional 1,784 shares during the period. Venturi Wealth Management LLC bought a new position in Blue Owl Capital in the 4th quarter worth about $77,000. Finally, Canton Hathaway LLC bought a new position in Blue Owl Capital in the 4th quarter worth about $84,000. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC opened at $15.06 on Friday. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 9.84 and a beta of 0.85. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The stock’s 50-day moving average is $15.01 and its 200 day moving average is $15.01.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. On average, sell-side analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. Blue Owl Capital’s dividend payout ratio is 96.73%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now directly owns 51,000 shares of the company’s stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by insiders.

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.