Advisors Asset Management Inc. Raises Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Advisors Asset Management Inc. boosted its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 6.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 277,116 shares of the company’s stock after purchasing an additional 15,621 shares during the period. Advisors Asset Management Inc. owned about 0.07% of Blue Owl Capital worth $4,262,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of OBDC. Atomi Financial Group Inc. increased its stake in shares of Blue Owl Capital by 5.5% during the 1st quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company’s stock worth $215,000 after purchasing an additional 733 shares during the last quarter. Strategies Wealth Advisors LLC raised its stake in shares of Blue Owl Capital by 2.8% in the first quarter. Strategies Wealth Advisors LLC now owns 27,520 shares of the company’s stock valued at $423,000 after buying an additional 762 shares during the period. Wealthcare Advisory Partners LLC lifted its position in shares of Blue Owl Capital by 3.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company’s stock valued at $381,000 after buying an additional 910 shares during the last quarter. Caprock Group LLC grew its stake in shares of Blue Owl Capital by 3.8% during the 1st quarter. Caprock Group LLC now owns 28,162 shares of the company’s stock worth $443,000 after acquiring an additional 1,027 shares during the period. Finally, Abundance Wealth Counselors increased its holdings in Blue Owl Capital by 3.9% in the 1st quarter. Abundance Wealth Counselors now owns 29,568 shares of the company’s stock worth $455,000 after acquiring an additional 1,103 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

NYSE OBDC traded up $0.12 on Friday, hitting $15.49. The stock had a trading volume of 1,460,949 shares, compared to its average volume of 1,682,968. The firm has a 50-day moving average of $15.90 and a 200-day moving average of $15.54. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 7.82 and a beta of 0.87. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.67 and a current ratio of 1.67. Blue Owl Capital Co. has a 52-week low of $12.99 and a 52-week high of $16.91.

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

Blue Owl Capital Cuts Dividend

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

Wall Street Analysts Forecast Growth

OBDC has been the topic of several recent research reports. Hovde Group 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 10th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday, May 23rd. Truist Financial lifted their price objective on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Royal Bank of Canada increased their target price on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, 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.