Generali Asset Management SPA SGR Takes Position in Blue Owl Capital Co. (NYSE:OBDC)

Generali Asset Management SPA SGR purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, Holdings Channel reports. The firm purchased 2,255,478 shares of the company’s stock, valued at approximately $34,103,000. Blue Owl Capital accounts for 0.9% of Generali Asset Management SPA SGR’s holdings, making the stock its 20th largest position.

Other large investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in Blue Owl Capital during the fourth quarter worth $28,434,000. Icon Wealth Advisors LLC lifted its holdings in shares of Blue Owl Capital by 3,524.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock valued at $8,448,000 after purchasing an additional 563,800 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after purchasing an additional 182,002 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Blue Owl Capital by 18.6% during the 4th quarter. Corient Private Wealth LLC now owns 1,098,387 shares of the company’s stock valued at $16,608,000 after purchasing an additional 172,275 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Blue Owl Capital by 20.1% during the 4th quarter. HighTower Advisors LLC now owns 773,175 shares of the company’s stock valued at $11,690,000 after purchasing an additional 129,509 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $14.91 on Tuesday. The stock has a market cap of $7.61 billion, a P/E ratio of 9.74 and a beta of 0.85. The company has a fifty day simple moving average of $15.00 and a 200-day simple moving average of $15.01. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $394.39 million during the quarter, compared to analysts’ expectations of $395.24 million. Equities 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. Shareholders of record on Monday, March 31st will be given a dividend of $0.05 per share. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a yield of 1.34%. Blue Owl Capital’s payout ratio is currently 96.73%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Wells Fargo & Company upgraded Blue Owl Capital from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $14.00 to $15.00 in a report on Monday. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.17.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Chris Temple acquired 15,000 shares of Blue Owl Capital stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the purchase, the director now owns 51,000 shares of the company’s stock, valued at approximately $754,800. This represents a 41.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

Blue Owl Capital 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.