Jackson Thornton Wealth Management LLC Purchases Shares of 24,056 Blue Owl Capital Co. (NYSE:OBDC)

Jackson Thornton Wealth Management LLC acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 24,056 shares of the company’s stock, valued at approximately $364,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Fifth Third Bancorp grew its holdings 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 in the last quarter. National Bank of Canada FI lifted its position in 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 purchasing an additional 2,460 shares during the last quarter. Westend Capital Management LLC lifted its position in 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 purchasing an additional 1,784 shares during the last quarter. Millstone Evans Group LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at about $76,000. Finally, Venturi Wealth Management LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $77,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Down 0.4 %

Shares of NYSE:OBDC opened at $15.02 on Monday. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The company’s fifty day moving average is $15.02 and its 200-day moving average is $15.01. The company has a market capitalization of $7.67 billion, a PE ratio of 9.81 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. Equities research analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.33%. Blue Owl Capital’s dividend payout ratio (DPR) is 96.73%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, the director now owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OBDC shares. Wells Fargo & Company raised shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. 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. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.17.

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.