Canton Hathaway LLC Takes $84,000 Position in Blue Owl Capital Co. (NYSE:OBDC)

Canton Hathaway LLC bought a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, Holdings Channel reports. The fund bought 5,570 shares of the company’s stock, valued at approximately $84,000.

Several other hedge funds also recently modified their holdings of the business. Van ECK Associates Corp boosted its stake in Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after acquiring an additional 347,155 shares during the last quarter. Stephens Inc. AR boosted its stake in Blue Owl Capital by 3.3% during the 4th quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock worth $50,294,000 after acquiring an additional 106,722 shares during the last quarter. Sound Income Strategies LLC boosted its stake in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after acquiring an additional 182,002 shares during the last quarter. Sage Advisors LLC boosted its stake in Blue Owl Capital by 3.9% during the 4th quarter. Sage Advisors LLC now owns 2,075,330 shares of the company’s stock worth $31,379,000 after acquiring an additional 78,403 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in 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 acquiring an additional 24,425 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

NYSE OBDC opened at $15.37 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.19 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. The company has a market capitalization of $6.00 billion, a PE ratio of 10.04 and a beta of 0.83. The firm’s 50 day moving average is $15.12 and its 200-day moving average is $14.99.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating 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 company had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Equities research analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.05 dividend. The ex-dividend date is Friday, February 28th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 96.73%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday. Finally, Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $16.08.

About Blue Owl Capital

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.