Canton Hathaway LLC Buys New Shares in Blue Owl Capital Co. (NYSE:OBDC)

Canton Hathaway LLC bought a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 5,570 shares of the company’s stock, valued at approximately $84,000.

Other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its stake in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after purchasing an additional 1,922 shares during the last quarter. National Bank of Canada FI raised its stake in shares of 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 valued at $61,000 after buying an additional 2,460 shares in the last quarter. Westend Capital Management LLC raised its stake in shares of Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after buying an additional 1,784 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $77,000. Finally, Balboa Wealth Partners acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at $169,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on OBDC shares. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note 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 note on Friday. Wells Fargo & Company increased their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, JMP Securities reiterated 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 given 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 company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.08.

Blue Owl Capital Trading Down 0.4 %

Shares of Blue Owl Capital stock opened at $15.37 on Tuesday. The stock has a market capitalization of $6.00 billion, a P/E ratio of 10.04 and a beta of 0.83. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The company has a 50-day simple moving average of $15.12 and a 200 day simple moving average of $14.99. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91.

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

Blue Owl Capital Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.05 dividend. The ex-dividend date is Friday, February 28th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 96.73%.

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.