SteelPeak Wealth LLC Has $584,000 Stake in Blue Owl Capital Co. (NYSE:OBDC)

SteelPeak Wealth LLC boosted its position in Blue Owl Capital Co. (NYSE:OBDC) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,725 shares of the company’s stock after buying an additional 1,700 shares during the period. SteelPeak Wealth LLC’s holdings in Blue Owl Capital were worth $584,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

OBDC has been the subject of several research reports. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Finally, Wells Fargo & Company raised their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.92.

Blue Owl Capital Trading Up 0.8 %

NYSE OBDC opened at $15.06 on Friday. The business’s fifty day moving average is $15.12 and its 200-day moving average is $15.00. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $5.87 billion, a price-to-earnings ratio of 9.35 and a beta of 0.84. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $406.03 million for 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 in the prior year, the company earned $0.49 earnings per share. Equities research analysts predict that Blue Owl Capital Co. will post 1.89 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.83%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio is currently 91.93%.

About Blue Owl Capital

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.