Transcend Capital Advisors LLC Makes New $56.35 Million Investment in Blue Owl Capital Co. (NYSE:OBDC)

Transcend Capital Advisors LLC acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,818,017 shares of the company’s stock, valued at approximately $56,354,000. Blue Owl Capital accounts for 5.0% of Transcend Capital Advisors LLC’s portfolio, making the stock its 2nd largest position. Transcend Capital Advisors LLC owned about 0.98% of Blue Owl Capital at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $41,000. CVA Family Office LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $61,000. Register Financial Advisors LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $64,000. Parkside Financial Bank & Trust purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $66,000. Finally, Bourgeon Capital Management LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $70,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 3,000 shares of Blue Owl Capital stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of $15.07 per share, with a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is currently owned by insiders.

Blue Owl Capital Trading Up 1.1 %

OBDC stock traded up $0.18 during mid-day trading on Friday, hitting $15.93. 1,546,877 shares of the company were exchanged, compared to its average volume of 1,938,436. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $6.21 billion, a P/E ratio of 7.85 and a beta of 0.91. The business has a fifty day simple moving average of $15.32 and a 200-day simple moving average of $14.81. Blue Owl Capital Co. has a 12-month low of $12.20 and a 12-month high of $15.95.

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

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 68.97%.

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.