Blue Owl Capital Co. (NYSE:OBDC) Shares Purchased by Fifth Third Bancorp

Fifth Third Bancorp increased its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 192.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,922 shares of the company’s stock after buying an additional 1,922 shares during the period. Fifth Third Bancorp’s holdings in Blue Owl Capital were worth $44,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp lifted its stake in Blue Owl Capital by 4.9% during the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after buying an additional 347,155 shares in the last quarter. Stephens Inc. AR grew its stake in shares of Blue Owl Capital by 4.3% in the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock worth $46,909,000 after acquiring an additional 132,386 shares during the last quarter. Sound Income Strategies LLC increased its stake in 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 valued at $45,727,000 after acquiring an additional 182,002 shares during the period. Sage Advisors LLC raised its stake in shares of Blue Owl Capital by 3.7% in the 3rd quarter. Sage Advisors LLC now owns 1,996,927 shares of the company’s stock valued at $29,095,000 after buying an additional 71,503 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of Blue Owl Capital by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company’s stock worth $26,659,000 after buying an additional 24,425 shares during the period. Institutional investors own 42.83% of the company’s stock.

Analysts Set New Price Targets

OBDC has been the subject of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. Wells Fargo & Company boosted their target price on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.92.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $15.10 on Monday. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The firm has a market capitalization of $5.89 billion, a P/E ratio of 9.38 and a beta of 0.84. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The company’s 50 day moving average price is $15.12 and its two-hundred day moving average price is $14.99.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The firm had revenue of $406.03 million for the quarter, compared to the consensus estimate of $399.85 million. During the same period in the prior year, the business earned $0.49 EPS. On average, equities analysts forecast that Blue Owl Capital Co. will post 1.89 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.37 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.80%. The ex-dividend date was Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 91.93%.

Blue Owl Capital 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.