DGS Capital Management LLC Invests $187,000 in Blue Owl Capital Co. (NYSE:OBDC)

DGS Capital Management LLC purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 12,170 shares of the company’s stock, valued at approximately $187,000.

Several other institutional investors also recently modified their holdings of the business. First Affirmative Financial Network lifted its stake in Blue Owl Capital by 9.2% in the first quarter. First Affirmative Financial Network now owns 17,401 shares of the company’s stock valued at $268,000 after buying an additional 1,461 shares in the last quarter. Heritage Wealth Advisors bought a new stake in Blue Owl Capital during the fourth quarter worth $32,000. Newbridge Financial Services Group Inc. bought a new stake in Blue Owl Capital during the fourth quarter worth $38,000. GPS Wealth Strategies Group LLC bought a new stake in Blue Owl Capital during the fourth quarter worth $41,000. Finally, Spire Wealth Management bought a new stake in Blue Owl Capital during the fourth quarter worth $45,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $15.58 on Friday. The stock has a market cap of $6.07 billion, a PE ratio of 7.87 and a beta of 0.89. Blue Owl Capital Co. has a 1-year low of $12.99 and a 1-year high of $16.91. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.14. The stock’s fifty day simple moving average is $16.17 and its two-hundred day simple moving average is $15.46.

Blue Owl Capital (NYSE:OBDC) last released its 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 business had revenue of $399.58 million for the quarter, compared to the consensus estimate of $399.16 million. Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. As a group, analysts forecast that Blue Owl Capital Co. will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.05 per share. This represents a yield of 10%. The ex-dividend date of this dividend was Friday, May 31st. Blue Owl Capital’s payout ratio is presently 70.71%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Royal Bank of Canada upped their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 23rd. JMP Securities reissued a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Tuesday, March 26th. Hovde Group raised their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Finally, Truist Financial increased their target price on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.19.

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.