Measured Wealth Private Client Group LLC Invests $313,000 in Blue Owl Capital Co. (NYSE:OBDC)

Measured Wealth Private Client Group LLC bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,334 shares of the company’s stock, valued at approximately $313,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Heritage Wealth Advisors acquired a new position in Blue Owl Capital in the 4th quarter worth about $32,000. Newbridge Financial Services Group Inc. acquired a new position in Blue Owl Capital in the fourth quarter worth approximately $38,000. GPS Wealth Strategies Group LLC bought a new position in Blue Owl Capital during the fourth quarter valued at approximately $41,000. Spire Wealth Management acquired a new stake in Blue Owl Capital in the fourth quarter valued at approximately $45,000. Finally, Westend Capital Management LLC bought a new stake in Blue Owl Capital in the first quarter worth approximately $56,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

OBDC has been the subject of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 23rd. Hovde Group increased their price objective 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 boosted their target price on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Truist Financial lifted their price target 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. Finally, JMP Securities reiterated a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research note on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.19.

Blue Owl Capital Price Performance

NYSE:OBDC opened at $15.59 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67. The company has a fifty day moving average price of $16.16 and a 200 day moving average price of $15.48. Blue Owl Capital Co. has a one year low of $12.99 and a one year high of $16.91. The stock has a market cap of $6.07 billion, a P/E ratio of 7.87 and a beta of 0.88.

Blue Owl Capital (NYSE:OBDC) last announced 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). The firm had revenue of $399.58 million during 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%. Analysts anticipate 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 declared a dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were issued a $0.05 dividend. This represents a yield of 10%. The ex-dividend date was Friday, May 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 74.75%.

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.