Telemus Capital LLC Invests $148,000 in Blue Owl Capital Co. (NYSE:OBDC)

Telemus Capital LLC purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 10,000 shares of the company’s stock, valued at approximately $148,000.

Several other institutional investors have also modified their holdings of the stock. First Affirmative Financial Network purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $235,000. Wedmont Private Capital purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $311,000. Dfpg Investments LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $2,333,000. Sound Income Strategies LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $36,311,000. Finally, Cornerstone Wealth Management LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $636,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Analyst Ratings Changes

OBDC has been the subject of several research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Wells Fargo & Company upped their target price on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a report on Monday, January 29th. Finally, B. Riley lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 target price on the stock. in a report on Monday, January 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $15.50.

Blue Owl Capital Stock Down 0.3 %

Shares of NYSE:OBDC opened at $15.75 on Wednesday. The stock’s 50-day moving average price is $15.24 and its two-hundred day moving average price is $14.76. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18. Blue Owl Capital Co. has a 12-month low of $12.20 and a 12-month high of $15.83. The firm has a market cap of $6.14 billion, a price-to-earnings ratio of 7.76 and a beta of 0.91.

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. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. The firm had revenue of $411.23 million for the quarter, compared to analyst estimates of $397.42 million. On average, research analysts forecast that Blue Owl Capital Co. will post 1.9 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s payout ratio is 68.97%.

Insiders Place Their Bets

In other news, Director Edward H. Dalelio acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the acquisition, the director now directly owns 6,217 shares in the company, valued at approximately $93,690.19. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.12% of the stock is owned by corporate insiders.

Blue Owl Capital 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.