Blue Owl Capital Co. (NYSE:OBDC) Shares Bought by HighTower Advisors LLC

HighTower Advisors LLC grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 20.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 773,175 shares of the company’s stock after buying an additional 129,509 shares during the period. HighTower Advisors LLC owned 0.20% of Blue Owl Capital worth $11,690,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of 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 buying an additional 1,922 shares during the period. National Bank of Canada FI boosted its position in Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after purchasing an additional 2,460 shares during the period. Westend Capital Management LLC boosted its position in Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after purchasing an additional 1,784 shares during the period. Venturi Wealth Management LLC purchased a new stake in Blue Owl Capital during the 4th quarter worth $77,000. Finally, Canton Hathaway LLC purchased a new stake in Blue Owl Capital during the 4th quarter worth $84,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, Director Chris Temple bought 15,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now owns 51,000 shares in the company, valued at $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $14.43 on Monday. The firm has a market capitalization of $7.37 billion, a P/E ratio of 9.43 and a beta of 0.85. The company’s fifty day moving average price is $15.00 and its two-hundred day moving average price is $15.02. 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 12 month low of $13.98 and a 12 month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) 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 analyst estimates of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, research analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. 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.