BlueStem Wealth Partners LLC Makes New $483,000 Investment in Blue Owl Capital Co. (NYSE:OBDC)

BlueStem Wealth Partners LLC purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 31,957 shares of the company’s stock, valued at approximately $483,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 3,524.0% in the 3rd 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 during the period. Van ECK Associates Corp raised its holdings in shares of 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 purchasing an additional 347,155 shares during the period. Sound Income Strategies LLC raised its holdings in shares of Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after purchasing an additional 182,002 shares during the period. Kingswood Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital by 89.0% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company’s stock valued at $3,915,000 after purchasing an additional 121,947 shares during the period. Finally, Stephens Inc. AR raised its holdings in shares of Blue Owl Capital by 3.3% in the 4th 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 during the period. 42.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OBDC. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.08.

Blue Owl Capital Stock Up 1.8 %

Shares of OBDC opened at $15.45 on Friday. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The firm has a market cap of $6.03 billion, a P/E ratio of 10.10 and a beta of 0.83. The firm’s 50-day simple moving average is $15.13 and its 200 day simple moving average is $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 (NYSE:OBDC) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. On average, analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

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 given 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 1.29%. Blue Owl Capital’s payout ratio is presently 96.73%.

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.