Lantern Wealth Advisors LLC Invests $640,000 in Blue Owl Capital Co. (NYSE:OBDC)

Lantern Wealth Advisors LLC acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 42,304 shares of the company’s stock, valued at approximately $640,000.

Several other hedge funds have also made changes to their positions in OBDC. Royal Bank of Canada boosted its position in Blue Owl Capital by 9.2% in the 4th quarter. Royal Bank of Canada now owns 7,387,300 shares of the company’s stock valued at $111,696,000 after buying an additional 620,521 shares during the period. Ameriprise Financial Inc. grew its stake in Blue Owl Capital by 5.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company’s stock worth $72,361,000 after purchasing an additional 236,467 shares in the last quarter. Cresset Asset Management LLC increased its holdings in Blue Owl Capital by 8,188.9% during the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company’s stock worth $68,762,000 after purchasing an additional 4,385,987 shares during the period. Stephens Inc. AR raised its position in Blue Owl Capital by 3.3% in the 4th quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock valued at $50,294,000 after purchasing an additional 106,722 shares in the last quarter. Finally, Sound Income Strategies LLC increased its stake in shares of Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after buying an additional 182,002 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OBDC. Royal Bank of Canada reissued an “outperform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. B. Riley began coverage on shares of Blue Owl Capital in a research note on Tuesday, May 13th. They issued a “buy” rating and a $15.00 price target on the stock. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Wells Fargo & Company reduced their target price on Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $15.64.

Blue Owl Capital Stock Up 0.1%

OBDC opened at $14.72 on Tuesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. Blue Owl Capital Co. has a 12 month low of $12.11 and a 12 month high of $16.91. The stock has a market capitalization of $7.52 billion, a P/E ratio of 9.62 and a beta of 0.71. The business has a 50 day simple moving average of $14.17 and a 200-day simple moving average of $14.76.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $464.65 million during the quarter, compared to analysts’ expectations of $457.88 million. On average, equities analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.05%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s payout ratio is presently 95.48%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.11% 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.