37,956 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC acquired a new position in Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 37,956 shares of the company’s stock, valued at approximately $560,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in OBDC. GPS Wealth Strategies Group LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at about $41,000. CVA Family Office LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at about $61,000. Register Financial Advisors LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at about $64,000. Bourgeon Capital Management LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at about $70,000. Finally, Global Strategic Investment Solutions LLC purchased a new stake in Blue Owl Capital during the fourth quarter valued at about $154,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Up 0.6 %

Shares of OBDC traded up $0.09 during trading hours on Friday, hitting $15.54. The company had a trading volume of 2,232,906 shares, compared to its average volume of 1,997,581. The firm has a market cap of $6.06 billion, a P/E ratio of 7.66 and a beta of 0.91. The stock’s 50 day moving average price is $15.22 and its 200 day moving average price is $14.72. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. Blue Owl Capital Co. has a 52-week low of $12.20 and a 52-week high of $15.83.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $411.23 million for the quarter, compared to analysts’ expectations of $397.42 million. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. On average, research analysts predict that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a dividend yield of 2.06%. Blue Owl Capital’s payout ratio is presently 68.97%.

Analyst Ratings Changes

OBDC has been the topic of a number of research reports. B. Riley downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price target on the stock. in a research report on Monday, January 8th. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a report on Monday, January 29th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $15.50.

Insider Buying and Selling

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average cost of $15.07 per share, with a total value of $45,210.00. Following the completion of the purchase, the director now directly owns 6,217 shares of the company’s stock, valued at $93,690.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is owned by insiders.

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.