CAP Partners LLC Makes New $205,000 Investment in Blue Owl Capital Co. (NYSE:OBDC)

CAP Partners LLC purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,341 shares of the company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors acquired a new stake in Blue Owl Capital in the 4th quarter valued at about $32,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $38,000. GPS Wealth Strategies Group LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $41,000. Spire Wealth Management bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $45,000. Finally, Westend Capital Management LLC bought a new stake in shares of Blue Owl Capital during the first quarter worth $56,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Hovde Group boosted their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Truist Financial boosted their target price on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 13th. JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 23rd. Finally, Royal Bank of Canada upped their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.19.

Blue Owl Capital Price Performance

NYSE:OBDC traded up $0.20 during trading hours on Tuesday, hitting $15.59. 1,806,911 shares of the stock traded hands, compared to its average volume of 2,007,083. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.14. Blue Owl Capital Co. has a 1 year low of $12.99 and a 1 year high of $16.91. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 7.87 and a beta of 0.88. The stock has a 50 day moving average price of $16.16 and a 200 day moving average price of $15.48.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The business had revenue of $399.58 million for the quarter, compared to analysts’ expectations of $399.16 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. Sell-side analysts forecast that Blue Owl Capital Co. will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were paid a $0.05 dividend. This represents a yield of 10%. The ex-dividend date was Friday, May 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 74.75%.

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.