Sage Investment Counsel LLC Takes $186,000 Position in Blue Owl Capital Co. (NYSE:OBDC)

Sage Investment Counsel LLC acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,273 shares of the company’s stock, valued at approximately $186,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust increased its position in shares of Blue Owl Capital by 37.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 9,665 shares of the company’s stock valued at $146,000 after purchasing an additional 2,641 shares during the period. Verus Capital Partners LLC increased its position in shares of Blue Owl Capital by 113.7% during the fourth quarter. Verus Capital Partners LLC now owns 93,336 shares of the company’s stock valued at $1,411,000 after purchasing an additional 49,664 shares during the period. Oppenheimer & Co. Inc. increased its position in shares of Blue Owl Capital by 1.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 400,286 shares of the company’s stock valued at $6,052,000 after purchasing an additional 6,889 shares during the period. NewEdge Wealth LLC increased its position in shares of Blue Owl Capital by 23.8% during the fourth quarter. NewEdge Wealth LLC now owns 107,306 shares of the company’s stock valued at $1,622,000 after purchasing an additional 20,612 shares during the period. Finally, Canton Hathaway LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $84,000. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $15.45 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The firm has a market cap of $6.03 billion, a P/E ratio of 10.10 and a beta of 0.83. The business’s fifty day moving average is $15.13 and its two-hundred day moving average is $15.00. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Equities research analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, February 28th. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $16.08.

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.