Synergy Investment Management LLC Acquires Shares of 9,146 Blue Owl Capital Co. (NYSE:OBDC)

Synergy Investment Management LLC acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 9,146 shares of the company’s stock, valued at approximately $138,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OBDC. Wealth Enhancement Advisory Services LLC lifted its position in Blue Owl Capital by 35.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,105 shares of the company’s stock valued at $570,000 after purchasing an additional 10,298 shares during the last quarter. abrdn plc raised its holdings in shares of Blue Owl Capital by 3.1% during the third quarter. abrdn plc now owns 168,013 shares of the company’s stock valued at $2,449,000 after acquiring an additional 5,004 shares in the last quarter. US Bancorp DE raised its holdings in shares of Blue Owl Capital by 226.3% during the third quarter. US Bancorp DE now owns 18,988 shares of the company’s stock valued at $277,000 after acquiring an additional 13,168 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Blue Owl Capital by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 12,987 shares of the company’s stock valued at $189,000 after acquiring an additional 3,998 shares in the last quarter. Finally, Dudley Capital Management LLC raised its holdings in shares of Blue Owl Capital by 6.2% during the third quarter. Dudley Capital Management LLC now owns 64,320 shares of the company’s stock valued at $937,000 after acquiring an additional 3,750 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $14.99 on Wednesday. The stock has a market cap of $7.66 billion, a price-to-earnings ratio of 9.79 and a beta of 0.83. The business’s fifty day moving average is $15.13 and its 200 day moving average is $15.03. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25.

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

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Analyst Ratings Changes

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