Union Bancaire Privee UBP SA Invests $976,000 in Blue Owl Capital Co. (NYSE:OBDC)

Union Bancaire Privee UBP SA purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 64,547 shares of the company’s stock, valued at approximately $976,000.

A number of other institutional investors and hedge funds have also bought and sold shares of OBDC. Fifth Third Bancorp boosted its holdings in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after acquiring an additional 1,922 shares during the last quarter. National Bank of Canada FI boosted its holdings in Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after purchasing an additional 2,460 shares during the last quarter. Westend Capital Management LLC grew its position in Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after purchasing an additional 1,784 shares in the last quarter. nVerses Capital LLC increased its stake in Blue Owl Capital by 19.8% in the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock valued at $141,000 after buying an additional 1,600 shares during the last quarter. Finally, Quad Cities Investment Group LLC bought a new position in shares of Blue Owl Capital during the 3rd quarter worth approximately $148,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Wells Fargo & Company increased their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.92.

Blue Owl Capital Trading Down 0.2 %

Shares of OBDC opened at $14.85 on Tuesday. The firm has a market cap of $5.79 billion, a P/E ratio of 9.22 and a beta of 0.84. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The business has a 50-day moving average of $15.12 and a 200 day moving average of $15.00.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The business had revenue of $406.03 million during the quarter, compared to the consensus estimate of $399.85 million. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. During the same period last year, the firm earned $0.49 EPS. As a group, research analysts forecast that Blue Owl Capital Co. will post 1.89 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.37 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.97%. The ex-dividend date was Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 91.93%.

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.