Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its stake in Blue Owl Capital Co. (NYSE:OBDC) by 7.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 136,640 shares of the company’s stock after acquiring an additional 9,445 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $2,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in OBDC. State of New Jersey Common Pension Fund E bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $335,810,000. Regents of The University of California acquired a new position in Blue Owl Capital during the 4th quarter worth $258,421,000. Van ECK Associates Corp grew its stake in shares of Blue Owl Capital by 19.4% in the first quarter. Van ECK Associates Corp now owns 8,150,533 shares of the company’s stock worth $125,355,000 after purchasing an additional 1,326,277 shares in the last quarter. LSV Asset Management increased its holdings in shares of Blue Owl Capital by 17.3% during the first quarter. LSV Asset Management now owns 4,069,047 shares of the company’s stock valued at $62,582,000 after purchasing an additional 600,447 shares during the period. Finally, Transcend Capital Advisors LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $56,354,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 0.9 %

Shares of NYSE OBDC traded down $0.13 during mid-day trading on Wednesday, hitting $14.68. 2,488,306 shares of the company traded hands, compared to its average volume of 2,019,130. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.14. Blue Owl Capital Co. has a 1 year low of $12.99 and a 1 year high of $16.91. The stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 7.55 and a beta of 0.87. The business has a 50 day moving average of $15.71 and a two-hundred day moving average of $15.55.

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

Blue Owl Capital Cuts Dividend

The company also recently declared 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 dividend yield of 10%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 74.75%.

Analysts Set New Price Targets

OBDC has been the subject of a number of research analyst reports. Truist Financial upped 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. Royal Bank of Canada increased 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 17th. Hovde Group lifted their price target on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 23rd. One equities research 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. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

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.