WCG Wealth Advisors LLC Has $838,000 Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

WCG Wealth Advisors LLC grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 11.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,564 shares of the company’s stock after buying an additional 5,801 shares during the period. WCG Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Atomi Financial Group Inc. boosted its holdings in Blue Owl Capital by 5.5% during the first quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company’s stock worth $215,000 after buying an additional 733 shares during the last quarter. Strategies Wealth Advisors LLC boosted its holdings in Blue Owl Capital by 2.7% during the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock worth $434,000 after buying an additional 745 shares during the last quarter. Intellectus Partners LLC boosted its holdings in Blue Owl Capital by 0.7% during the second quarter. Intellectus Partners LLC now owns 120,846 shares of the company’s stock worth $1,901,000 after buying an additional 809 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its holdings in Blue Owl Capital by 2.0% during the second quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company’s stock worth $679,000 after buying an additional 881 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its holdings in Blue Owl Capital by 3.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company’s stock worth $381,000 after buying an additional 910 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on OBDC. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a report on Monday, August 12th. Raymond James cut Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Keefe, Bruyette & Woods cut their price objective on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a report on Tuesday, August 20th. Wells Fargo & Company cut their price objective on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Finally, Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.94.

Blue Owl Capital Trading Up 0.9 %

NYSE:OBDC opened at $14.93 on Friday. The business’s 50-day simple moving average is $14.96 and its 200-day simple moving average is $15.50. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The stock has a market capitalization of $5.82 billion, a PE ratio of 7.54 and a beta of 0.87. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The company had revenue of $396.76 million during the quarter, compared to analysts’ expectations of $388.84 million. Sell-side analysts expect that Blue Owl Capital Co. will post 1.93 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.06 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, September 30th. Blue Owl Capital’s payout ratio is presently 74.75%.

Insiders Place Their Bets

In related news, Director Edward H. Dalelio acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the acquisition, the director now directly owns 9,016 shares of the company’s stock, valued at $135,420.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.12% of the company’s stock.

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.