Muzinich & Co. Inc. Lowers Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Muzinich & Co. Inc. cut its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 565,151 shares of the company’s stock after selling 67,803 shares during the period. Blue Owl Capital comprises approximately 5.4% of Muzinich & Co. Inc.’s holdings, making the stock its 7th largest holding. Muzinich & Co. Inc. owned approximately 0.14% of Blue Owl Capital worth $8,545,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OBDC. Fifth Third Bancorp increased its position in shares of Blue Owl Capital by 192.2% during the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after acquiring an additional 1,922 shares in the last quarter. National Bank of Canada FI grew its position in shares of 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 acquiring an additional 2,460 shares during the period. Westend Capital Management LLC increased its position in Blue Owl Capital by 58.8% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Blue Owl Capital during the 4th quarter valued at $77,000. Finally, Canton Hathaway LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter worth about $84,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently 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. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. One equities 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 issued a strong buy rating to the company. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.08.

Blue Owl Capital Price Performance

OBDC stock opened at $15.18 on Thursday. 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 company has a market capitalization of $5.92 billion, a PE ratio of 9.92 and a beta of 0.83. The company’s fifty day moving average price is $15.13 and its 200-day moving average price is $15.00. 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 issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating 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 during the quarter, compared to analyst estimates of $395.24 million. On average, equities analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 96.73%.

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.