Carmel Capital Partners LLC Acquires 19,108 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Carmel Capital Partners LLC raised its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 12.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,987 shares of the company’s stock after acquiring an additional 19,108 shares during the quarter. Blue Owl Capital makes up approximately 1.0% of Carmel Capital Partners LLC’s holdings, making the stock its 14th biggest position. Carmel Capital Partners LLC’s holdings in Blue Owl Capital were worth $2,585,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in OBDC. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Blue Owl Capital by 35.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 39,105 shares of the company’s stock valued at $570,000 after buying an additional 10,298 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Blue Owl Capital by 226.3% in the 3rd quarter. US Bancorp DE now owns 18,988 shares of the company’s stock valued at $277,000 after buying an additional 13,168 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Blue Owl Capital by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,987 shares of the company’s stock valued at $189,000 after purchasing an additional 3,998 shares during the last quarter. Dudley Capital Management LLC lifted its holdings in Blue Owl Capital by 6.2% during the 3rd quarter. Dudley Capital Management LLC now owns 64,320 shares of the company’s stock valued at $937,000 after purchasing an additional 3,750 shares during the last quarter. Finally, Legacy Capital Wealth Partners LLC lifted its holdings in Blue Owl Capital by 96.8% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock valued at $3,054,000 after purchasing an additional 103,123 shares during the last quarter. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Down 0.9 %

OBDC opened at $14.85 on Thursday. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two 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 has a market capitalization of $7.58 billion, a P/E ratio of 9.70 and a beta of 0.83. The stock has a fifty day moving average of $15.12 and a 200-day moving average of $15.03.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results 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 return on equity of 12.38% and a net margin of 37.26%. The company had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. On average, equities analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current 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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s payout ratio is currently 96.73%.

Analysts Set New Price Targets

OBDC has been the subject of several research reports. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. Finally, Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. One 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.08.

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.