Summit Securities Group LLC Buys Shares of 145,700 Blue Owl Capital Co. (NYSE:OBDC)

Summit Securities Group LLC bought a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, HoldingsChannel reports. The firm bought 145,700 shares of the company’s stock, valued at approximately $2,203,000. Blue Owl Capital accounts for about 0.5% of Summit Securities Group LLC’s investment portfolio, making the stock its 27th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of OBDC. Fifth Third Bancorp increased its position in Blue Owl Capital by 192.2% during the 4th 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 during the period. Brown Brothers Harriman & Co. purchased a new stake in Blue Owl Capital in the fourth quarter worth approximately $48,000. National Bank of Canada FI increased its position in shares of Blue Owl Capital by 144.7% during the 3rd 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 during the last quarter. Westend Capital Management LLC increased its stake in shares of Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after purchasing an additional 1,784 shares in the last quarter. Finally, Millstone Evans Group LLC bought a new stake in Blue Owl Capital during the 4th quarter worth approximately $76,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

NYSE OBDC opened at $15.05 on Friday. The firm’s fifty day simple moving average is $15.05 and its two-hundred day simple moving average is $15.03. The firm has a market capitalization of $7.69 billion, a P/E ratio of 9.83 and a beta of 0.85. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $394.39 million during the quarter, compared to analysts’ expectations of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. Analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 annualized dividend and a dividend yield of 1.33%. Blue Owl Capital’s payout ratio is 96.73%.

Insider Transactions at Blue Owl Capital

In related news, Director Chris Temple acquired 15,000 shares of Blue Owl Capital stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.