ZWJ Investment Counsel Inc. Purchases Shares of 10,670 Blue Owl Capital Co. (NYSE:OBDC)

ZWJ Investment Counsel Inc. purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,670 shares of the company’s stock, valued at approximately $157,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $560,000. Tranquility Partners LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $2,364,000. Bourgeon Capital Management LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $70,000. Mackenzie Financial Corp acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $795,000. Finally, Strs Ohio bought a new position in shares of Blue Owl Capital in the fourth quarter valued at $32,449,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on OBDC shares. B. Riley downgraded shares of Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price objective for the company. in a research report on Monday, January 8th. JMP Securities reiterated a “market outperform” rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Tuesday, March 26th. Finally, Wells Fargo & Company upped their price objective on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Hold” and a consensus target price of $15.50.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded up $0.09 during trading hours on Friday, hitting $15.54. The company had a trading volume of 2,232,906 shares, compared to its average volume of 1,997,581. The firm has a 50-day moving average of $15.22 and a 200 day moving average of $14.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $6.06 billion, a PE ratio of 7.66 and a beta of 0.91. Blue Owl Capital Co. has a one year low of $12.20 and a one year high of $15.83.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The company 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, sell-side analysts expect that Blue Owl Capital Co. will post 1.9 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.06%. Blue Owl Capital’s payout ratio is presently 68.97%.

Insiders Place Their Bets

In related news, Director Edward H. Dalelio acquired 3,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the purchase, the director now directly owns 6,217 shares in the company, valued at $93,690.19. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company 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.