Millstone Evans Group LLC Acquires New Shares in Blue Owl Capital Co. (NYSE:OBDC)

Millstone Evans Group LLC acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 5,000 shares of the company’s stock, valued at approximately $76,000.

A number of other hedge funds have also recently made changes to their positions in OBDC. Fifth Third Bancorp boosted its stake in shares of Blue Owl Capital by 192.2% during the fourth 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 boosted its stake in shares of Blue Owl Capital by 144.7% during the third 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 in the last quarter. Westend Capital Management LLC boosted its stake in shares of Blue Owl Capital by 58.8% during the fourth 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 in the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $77,000. Finally, Canton Hathaway LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $84,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 0.4 %

Shares of OBDC stock opened at $15.02 on Monday. The company has a market cap of $7.67 billion, a P/E ratio of 9.81 and a beta of 0.85. The stock has a 50 day simple moving average of $15.02 and a two-hundred day simple moving average of $15.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week 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 for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The business had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Research analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. Blue Owl Capital’s payout ratio is currently 96.73%.

Insiders Place Their Bets

In other news, Director Chris Temple acquired 15,000 shares of Blue Owl Capital stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the purchase, the director now owns 51,000 shares of the company’s stock, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of recent research reports. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Wells Fargo & Company upgraded Blue Owl Capital from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $14.00 to $15.00 in a research report on Monday, March 17th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $16.17.

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.