First National Trust Co Increases Holdings in Blue Owl Capital Co. (NYSE:OBDC)

First National Trust Co raised its position in Blue Owl Capital Co. (NYSE:OBDC) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 145,021 shares of the company’s stock after purchasing an additional 3,497 shares during the period. First National Trust Co’s holdings in Blue Owl Capital were worth $2,193,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OBDC. Raymond James Financial Inc. purchased a new stake in Blue Owl Capital in the 4th quarter worth about $28,434,000. Icon Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 3,524.0% during the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after purchasing an additional 563,800 shares during the last quarter. Sound Income Strategies LLC raised its holdings in shares of Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after purchasing an additional 182,002 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Blue Owl Capital by 20.1% during the fourth quarter. HighTower Advisors LLC now owns 773,175 shares of the company’s stock worth $11,690,000 after purchasing an additional 129,509 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 89.0% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company’s stock worth $3,915,000 after purchasing an additional 121,947 shares during the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the transaction, the director now owns 51,000 shares of the company’s stock, valued at $754,800. The trade was a 41.67 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by company insiders.

Blue Owl Capital Stock Up 2.5 %

Shares of NYSE OBDC opened at $14.43 on Friday. The company’s 50-day simple moving average is $15.02 and its 200-day simple moving average is $15.02. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 9.43 and a beta of 0.85. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Equities analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

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 given a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. Blue Owl Capital’s dividend payout ratio (DPR) is 96.73%.

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.