PNC Financial Services Group Inc. Takes Position in Blue Owl Capital Co. (NYSE:OBDC)

PNC Financial Services Group Inc. purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 46,332 shares of the company’s stock, valued at approximately $684,000.

Other institutional investors have also recently bought and sold shares of the company. Heritage Wealth Advisors acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at $32,000. GPS Wealth Strategies Group LLC acquired a new stake in Blue Owl Capital in the fourth quarter worth about $41,000. Spire Wealth Management acquired a new stake in Blue Owl Capital in the fourth quarter worth about $45,000. Edmond DE Rothschild Holding S.A. bought a new stake in Blue Owl Capital during the 4th quarter worth about $57,000. Finally, CVA Family Office LLC acquired a new position in Blue Owl Capital during the 4th quarter valued at about $61,000. Institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OBDC. Truist Financial boosted their price target on shares of Blue Owl Capital from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 23rd. Royal Bank of Canada upped their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, May 17th. JMP Securities restated a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Tuesday, March 26th. Finally, Hovde Group upped their price target on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $16.19.

Blue Owl Capital Trading Down 0.9 %

OBDC opened at $15.71 on Wednesday. The stock has a market capitalization of $6.12 billion, a P/E ratio of 7.93 and a beta of 0.89. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.14. Blue Owl Capital Co. has a 12 month low of $12.99 and a 12 month high of $16.91. The firm’s fifty day simple moving average is $16.16 and its 200 day simple moving average is $15.46.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The firm had revenue of $399.58 million during the quarter, compared to the consensus estimate of $399.16 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. As a group, research analysts anticipate that Blue Owl Capital Co. will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were given a $0.05 dividend. This represents a dividend yield of 10%. The ex-dividend date was Friday, May 31st. Blue Owl Capital’s dividend payout ratio is presently 74.75%.

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.