ZWJ Investment Counsel Inc. Invests $157,000 in Blue Owl Capital Co. (NYSE:OBDC)

ZWJ Investment Counsel Inc. acquired a new position in Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, HoldingsChannel reports. The fund acquired 10,670 shares of the company’s stock, valued at approximately $157,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Onyx Bridge Wealth Group LLC bought a new position in Blue Owl Capital during the fourth quarter worth about $560,000. Tranquility Partners LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $2,364,000. Bourgeon Capital Management LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth $70,000. Mackenzie Financial Corp purchased a new position in shares of Blue Owl Capital in the fourth quarter valued at $795,000. Finally, Strs Ohio bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $32,449,000. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE OBDC traded up $0.09 during midday trading on Friday, hitting $15.54. 2,232,906 shares of the company’s stock were exchanged, compared to its average volume of 1,997,581. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18. The business’s fifty day moving average price is $15.22 and its two-hundred day moving average price is $14.72. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 7.66 and a beta of 0.91. Blue Owl Capital Co. has a 12-month low of $12.20 and a 12-month high of $15.83.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $411.23 million during the quarter, compared to analysts’ expectations of $397.42 million. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. As a group, research analysts forecast that Blue Owl Capital Co. will post 1.9 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

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

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the acquisition, the director now owns 6,217 shares of the company’s stock, valued at $93,690.19. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

OBDC has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Tuesday, March 26th. B. Riley cut 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 note on Monday, January 8th. Finally, Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $15.50.

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.