Global Wealth Management Investment Advisory Inc. Buys New Position in Blue Owl Capital Co. (NYSE:OBDC)

Global Wealth Management Investment Advisory Inc. purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 5,201 shares of the company’s stock, valued at approximately $77,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $41,000. CVA Family Office LLC bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $61,000. Register Financial Advisors LLC bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $64,000. Parkside Financial Bank & Trust bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $66,000. Finally, Bourgeon Capital Management LLC bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $70,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of OBDC opened at $16.04 on Thursday. Blue Owl Capital Co. has a one year low of $12.20 and a one year high of $16.07. The company has a 50-day moving average of $15.38 and a two-hundred day moving average of $14.87. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 7.90 and a beta of 0.88. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $411.23 million during 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, equities research analysts expect that Blue Owl Capital Co. will post 1.9 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio is currently 68.97%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, Director Edward H. Dalelio purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was acquired at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the completion of the acquisition, the director now owns 6,217 shares in the company, valued at approximately $93,690.19. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is currently owned by corporate 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.