Mission Wealth Management LP Makes New Investment in Blue Owl Capital Co. (NYSE:OBDC)

Mission Wealth Management LP acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 14,710 shares of the company’s stock, valued at approximately $217,000.

A number of other institutional investors have also recently made changes to their positions in OBDC. Certuity LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at approximately $901,000. Van ECK Associates Corp acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $100,726,000. Intrust Bank NA acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth $4,065,000. Naviter Wealth LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter valued at $284,000. Finally, Gilbert & Cook Inc. acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $2,644,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 3,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average cost of $15.07 per share, with a total value of $45,210.00. Following the purchase, the director now directly owns 6,217 shares in the company, valued at approximately $93,690.19. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.12% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research note on Monday, January 29th. JMP Securities reiterated a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Finally, B. Riley lowered shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price target for the company. in a research report on Monday, January 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.50.

Blue Owl Capital Stock Down 0.1 %

Shares of OBDC opened at $16.02 on Friday. The stock’s 50-day moving average price is $15.41 and its 200-day moving average price is $14.90. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $6.24 billion, a price-to-earnings ratio of 7.89 and a beta of 0.88. Blue Owl Capital Co. has a 52 week low of $12.20 and a 52 week high of $16.16.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $411.23 million for the quarter, compared to analyst estimates of $397.42 million. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. On average, sell-side analysts predict that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 2.00%. Blue Owl Capital’s dividend payout ratio is presently 68.97%.

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.