Chicago Partners Investment Group LLC Purchases 8,447 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Chicago Partners Investment Group LLC grew its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 546,958 shares of the company’s stock after purchasing an additional 8,447 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Blue Owl Capital were worth $8,073,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in OBDC. Icon Wealth Advisors LLC increased its stake in Blue Owl Capital by 3,524.0% in the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock valued at $8,448,000 after purchasing an additional 563,800 shares in the last quarter. Van ECK Associates Corp lifted its position in Blue Owl Capital by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after acquiring an additional 347,155 shares in the last quarter. Trinity Financial Advisors LLC increased its holdings in Blue Owl Capital by 32.3% during the 3rd quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock worth $12,471,000 after purchasing an additional 215,742 shares in the last quarter. Sound Income Strategies LLC grew its holdings 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 worth $45,727,000 after buying an additional 182,002 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter worth $2,667,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $15.10 on Friday. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. 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 firm has a market capitalization of $5.89 billion, a price-to-earnings ratio of 9.38 and a beta of 0.84. The company’s fifty day moving average price is $15.12 and its 200-day moving average price is $14.99.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $406.03 million during the quarter, compared to analysts’ expectations of $399.85 million. Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. During the same period in the prior year, the company earned $0.49 EPS. On average, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a yield of 9.80%. Blue Owl Capital’s payout ratio is currently 91.93%.

Analysts Set New Price Targets

OBDC has been the topic of a number of recent analyst reports. 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. Wells Fargo & Company upped their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $15.92.

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.