Aspire Private Capital LLC Invests $78,000 in Blue Owl Capital Co. (NYSE:OBDC)

Aspire Private Capital LLC acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,292 shares of the company’s stock, valued at approximately $78,000.

A number of other large investors have also recently added to or reduced their stakes in OBDC. GPS Wealth Strategies Group LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $41,000. CVA Family Office LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter valued at $61,000. Register Financial Advisors LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $64,000. Bourgeon Capital Management LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at about $70,000. Finally, Telemus Capital LLC acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $148,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC traded down $0.03 during midday trading on Tuesday, reaching $15.76. 548,147 shares of the company were exchanged, compared to its average volume of 1,994,964. The stock has a fifty day simple moving average of $15.24 and a 200 day simple moving average of $14.76. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18. The stock has a market cap of $6.14 billion, a P/E ratio of 7.78 and a beta of 0.91. Blue Owl Capital Co. has a 1 year low of $12.20 and a 1 year high of $15.83.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating 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 net margin of 50.14% and a return on equity of 12.62%. On average, research analysts forecast that Blue Owl Capital Co. will post 1.9 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 68.97%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on OBDC. Wells Fargo & Company raised their price objective on shares of Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a report on Monday, January 29th. B. Riley downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price target for the company. in a report on Monday, January 8th. Finally, JMP Securities restated a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $15.50.

Insiders Place Their Bets

In other news, Director Edward H. Dalelio acquired 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average cost of $15.07 per share, with a total value of $45,210.00. Following the purchase, the director now directly owns 6,217 shares of the company’s stock, valued at approximately $93,690.19. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.12% of the company’s stock.

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.