18,400 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by Catalyst Funds Management Pty Ltd

Catalyst Funds Management Pty Ltd acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,400 shares of the company’s stock, valued at approximately $278,000.

A number of other hedge funds have also added to or reduced their stakes in OBDC. Stephens Inc. AR lifted its holdings in shares of Blue Owl Capital by 3.3% in the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock valued at $50,294,000 after purchasing an additional 106,722 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after acquiring an additional 182,002 shares during the last quarter. Sage Advisors LLC grew its stake in shares of Blue Owl Capital by 3.9% in the 4th quarter. Sage Advisors LLC now owns 2,075,330 shares of the company’s stock worth $31,379,000 after acquiring an additional 78,403 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $28,434,000. Finally, Janney Montgomery Scott LLC boosted its holdings in Blue Owl Capital by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company’s stock worth $26,659,000 after purchasing an additional 24,425 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

NYSE OBDC opened at $14.43 on Friday. The company has a market cap of $7.37 billion, a PE 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. The firm’s 50-day simple moving average is $15.00 and its two-hundred 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.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping 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 company had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Research analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend 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 payout ratio is 96.73%.

Insider Buying and Selling

In other news, Director Chris Temple bought 15,000 shares of the stock in a transaction on Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now directly owns 51,000 shares of the company’s stock, valued at $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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