Bard Associates Inc. Reduces Stake in Blue Owl Capital Co. (NYSE:OBDC)

Bard Associates Inc. lowered its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 6.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 68,310 shares of the company’s stock after selling 4,700 shares during the quarter. Bard Associates Inc.’s holdings in Blue Owl Capital were worth $1,058,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Synergy Investment Management LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at about $138,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Blue Owl Capital by 11.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 276,003 shares of the company’s stock valued at $4,173,000 after acquiring an additional 28,960 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at about $125,000. BlueStem Wealth Partners LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at about $483,000. Finally, Sage Investment Counsel LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter valued at about $186,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Blue Owl Capital Trading Down 1.0 %

Shares of OBDC stock opened at $15.30 on Tuesday. The business’s 50 day moving average is $15.13 and its two-hundred day moving average is $15.02. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The company has a market capitalization of $7.82 billion, a P/E ratio of 10.00 and a beta of 0.83. 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 (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $394.39 million during the quarter, compared to analysts’ expectations of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Equities analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued 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 yield of 1.31%. Blue Owl Capital’s dividend payout ratio is presently 96.73%.

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.