Winthrop Advisory Group LLC Reduces Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Winthrop Advisory Group LLC cut its position in Blue Owl Capital Co. (NYSE:OBDC) by 59.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,972 shares of the company’s stock after selling 42,628 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Blue Owl Capital were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Heritage Wealth Advisors purchased a new stake in Blue Owl Capital during the 4th quarter worth approximately $32,000. Newbridge Financial Services Group Inc. acquired a new stake in Blue Owl Capital in the fourth quarter valued at $38,000. GPS Wealth Strategies Group LLC bought a new position in Blue Owl Capital during the 4th quarter valued at $41,000. Spire Wealth Management acquired a new position in Blue Owl Capital during the 4th quarter worth $45,000. Finally, Westend Capital Management LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter worth about $56,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Blue Owl Capital Stock Performance

Shares of OBDC stock traded up $0.15 during trading hours on Friday, reaching $15.36. The stock had a trading volume of 2,268,361 shares, compared to its average volume of 2,004,140. The firm has a market capitalization of $5.99 billion, a PE ratio of 7.76 and a beta of 0.89. The firm has a 50-day simple moving average of $16.17 and a 200-day simple moving average of $15.47. Blue Owl Capital Co. has a twelve month low of $12.99 and a twelve month high of $16.91. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $399.58 million during the quarter, compared to analyst estimates 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, equities analysts forecast that Blue Owl Capital Co. will post 1.88 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were paid 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 currently 70.71%.

Blue Owl Capital Company 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.