Transcend Capital Advisors LLC Buys New Position in Blue Owl Capital Co. (NYSE:OBDC)

Transcend Capital Advisors LLC bought a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,818,017 shares of the company’s stock, valued at approximately $56,354,000. Blue Owl Capital comprises approximately 5.0% of Transcend Capital Advisors LLC’s investment portfolio, making the stock its 2nd biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. GPS Wealth Strategies Group LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $41,000. CVA Family Office LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $61,000. Register Financial Advisors LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $64,000. Parkside Financial Bank & Trust purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $66,000. Finally, Bourgeon Capital Management LLC purchased a new stake in Blue Owl Capital in the 4th quarter valued at about $70,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Buying and Selling

In other Blue Owl Capital news, Director Edward H. Dalelio bought 3,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were bought at an average cost of $15.07 per share, with a total value of $45,210.00. Following the transaction, the director now directly owns 6,217 shares in the company, valued at approximately $93,690.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. B. Riley cut Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 target price for the company. in a report on Monday, January 8th. Wells Fargo & Company boosted their target price on Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a report on Monday, January 29th. Finally, JMP Securities reiterated a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Hold” and an average target price of $15.50.

Blue Owl Capital Stock Up 1.1 %

Blue Owl Capital stock traded up $0.18 during midday 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’s fifty day moving average price is $15.32 and its 200-day moving average price is $14.81. The company has a market cap of $6.21 billion, a PE ratio of 7.85 and a beta of 0.91. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60. Blue Owl Capital Co. has a fifty-two week low of $12.20 and a fifty-two week high of $15.95.

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

Blue Owl Capital Dividend Announcement

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