CVA Family Office LLC Invests $61,000 in Blue Owl Capital Co. (NYSE:OBDC)

CVA Family Office LLC acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,100 shares of the company’s stock, valued at approximately $61,000.

A number of other hedge funds have also bought and sold shares of OBDC. First Affirmative Financial Network acquired a new stake in Blue Owl Capital during the fourth quarter worth approximately $235,000. Wedmont Private Capital acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $311,000. Dfpg Investments LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter valued at $2,333,000. Sound Income Strategies LLC bought a new position in Blue Owl Capital during the fourth quarter worth $36,311,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in Blue Owl Capital in the fourth quarter worth $636,000. Institutional investors own 42.83% of the company’s stock.

Insider Buying and Selling

In related news, Director Edward H. Dalelio purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were bought at an average price of $15.07 per share, with a total value of $45,210.00. Following the acquisition, the director now owns 6,217 shares of the company’s stock, valued at approximately $93,690.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. B. Riley downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price objective for the company. in a report on Monday, January 8th. JMP Securities restated a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Tuesday. Finally, Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $15.50.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $15.27 on Thursday. The stock has a market cap of $5.95 billion, a P/E ratio of 7.52 and a beta of 0.91. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. The company’s 50 day moving average price is $15.05 and its two-hundred day moving average price is $14.54. Blue Owl Capital Co. has a 52 week low of $12.20 and a 52 week high of $15.55.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The business had revenue of $411.23 million for the quarter, compared to analysts’ expectations of $397.42 million. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. On average, equities analysts predict that Blue Owl Capital Co. will post 1.89 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $0.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 2.10%. Blue Owl Capital’s payout ratio is currently 68.97%.

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.