Carmel Capital Partners LLC Purchases 19,108 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Carmel Capital Partners LLC lifted its position in Blue Owl Capital Co. (NYSE:OBDC) by 12.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 170,987 shares of the company’s stock after purchasing an additional 19,108 shares during the quarter. Blue Owl Capital accounts for approximately 1.0% of Carmel Capital Partners LLC’s holdings, making the stock its 14th biggest holding. Carmel Capital Partners LLC’s holdings in Blue Owl Capital were worth $2,585,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in OBDC. Wealth Enhancement Advisory Services LLC lifted its position in Blue Owl Capital by 35.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,105 shares of the company’s stock worth $570,000 after buying an additional 10,298 shares in the last quarter. US Bancorp DE lifted its position in Blue Owl Capital by 226.3% during the 3rd quarter. US Bancorp DE now owns 18,988 shares of the company’s stock worth $277,000 after buying an additional 13,168 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Blue Owl Capital by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,987 shares of the company’s stock worth $189,000 after buying an additional 3,998 shares in the last quarter. Dudley Capital Management LLC lifted its position in Blue Owl Capital by 6.2% during the 3rd quarter. Dudley Capital Management LLC now owns 64,320 shares of the company’s stock worth $937,000 after buying an additional 3,750 shares in the last quarter. Finally, Legacy Capital Wealth Partners LLC lifted its position in Blue Owl Capital by 96.8% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock worth $3,054,000 after buying an additional 103,123 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC opened at $14.85 on Thursday. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 9.70 and a beta of 0.83. The firm’s 50 day simple moving average is $15.12 and its 200 day simple moving average is $15.03. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results 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 business had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. As a group, sell-side analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.35%. Blue Owl Capital’s dividend payout ratio is 96.73%.

Analysts Set New Price Targets

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

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.