Jackson Thornton Wealth Management LLC Purchases New Position in Blue Owl Capital Co. (NYSE:OBDC)

Jackson Thornton Wealth Management LLC purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 24,056 shares of the company’s stock, valued at approximately $364,000.

Other hedge funds have also modified their holdings of the company. Atria Wealth Solutions Inc. raised its holdings in Blue Owl Capital by 1.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock worth $1,014,000 after buying an additional 685 shares during the period. Amplius Wealth Advisors LLC raised its holdings in Blue Owl Capital by 1.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock worth $615,000 after buying an additional 702 shares during the period. Channel Wealth LLC raised its holdings in Blue Owl Capital by 1.9% during the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock worth $673,000 after buying an additional 823 shares during the period. Blue Trust Inc. raised its holdings in Blue Owl Capital by 9.5% during the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock worth $222,000 after buying an additional 1,321 shares during the period. Finally, Csenge Advisory Group raised its holdings in Blue Owl Capital by 2.6% during the 4th quarter. Csenge Advisory Group now owns 55,064 shares of the company’s stock worth $833,000 after buying an additional 1,373 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on OBDC. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $14.00 to $15.00 in a report on Monday, March 17th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. Finally, Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $16.17.

Insider Activity at Blue Owl Capital

In related news, Director Chris Temple bought 15,000 shares of Blue Owl Capital stock in a transaction that occurred on 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 acquisition, the director now directly owns 51,000 shares of the company’s stock, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.12% of the stock is currently owned by company insiders.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $15.02 on Monday. The stock has a market cap of $7.67 billion, a P/E ratio of 9.81 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. The stock’s 50-day moving average is $15.02 and its 200-day moving average is $15.01. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91.

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

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s 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.