Demars Financial Group LLC Takes $544,000 Position in Blue Owl Capital Co. (NYSE:OBDC)

Demars Financial Group LLC purchased a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 36,847 shares of the company’s stock, valued at approximately $544,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of OBDC. Regents of The University of California purchased a new stake in Blue Owl Capital in the 4th quarter worth $258,421,000. Sound Income Strategies LLC purchased a new stake in Blue Owl Capital in the 4th quarter worth $36,311,000. Strs Ohio purchased a new stake in Blue Owl Capital in the 4th quarter worth $32,449,000. Border to Coast Pensions Partnership Ltd bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $30,477,000. Finally, Next Capital Management LLC bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $25,009,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Edward H. Dalelio acquired 3,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost of $15.07 per share, with a total value of $45,210.00. Following the completion of the acquisition, the director now directly owns 6,217 shares of the company’s stock, valued at $93,690.19. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $15.75 on Wednesday. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 7.76 and a beta of 0.91. The company’s 50 day moving average is $15.24 and its 200 day moving average is $14.76. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. Blue Owl Capital Co. has a 52-week low of $12.20 and a 52-week high of $15.83.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $411.23 million for the quarter, compared to the consensus estimate of $397.42 million. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. On average, sell-side analysts anticipate that Blue Owl Capital Co. will post 1.9 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 68.97%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wells Fargo & Company increased 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. B. Riley downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price target for the company. in a report on Monday, January 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $15.50.

Blue Owl Capital Company 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.