76,966 Shares in Blue Owl Capital Co. (NYSE:OBDC) Purchased by First National Trust Co

First National Trust Co bought a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 76,966 shares of the company’s stock, valued at approximately $1,136,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of OBDC. GPS Wealth Strategies Group LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at about $41,000. CVA Family Office LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at approximately $61,000. Register Financial Advisors LLC purchased a new stake in Blue Owl Capital in the 4th quarter worth approximately $64,000. Parkside Financial Bank & Trust acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $66,000. Finally, Bourgeon Capital Management LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $70,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Activity

In other news, Director Edward H. Dalelio purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was purchased at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the completion of the transaction, the director now owns 6,217 shares of the company’s stock, valued at $93,690.19. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

OBDC has been the topic of a number of recent analyst reports. Wells Fargo & Company increased their price target on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a report on Monday, January 29th. JMP Securities reissued a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Finally, B. Riley lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price target for the company. in a research note 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.50.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded down $0.02 during trading on Friday, reaching $16.02. The company had a trading volume of 1,325,362 shares, compared to its average volume of 1,878,760. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 1.60. The firm’s 50-day simple moving average is $15.41 and its 200 day simple moving average is $14.90. The firm has a market capitalization of $6.24 billion, a PE ratio of 7.89 and a beta of 0.88. Blue Owl Capital Co. has a 1-year low of $12.20 and a 1-year high of $16.16.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.00%. Blue Owl Capital’s payout ratio is currently 68.97%.

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.