Blue Owl Capital Co. (NYSE:OBDC) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 35.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,105 shares of the company’s stock after buying an additional 10,298 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Blue Owl Capital were worth $570,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of OBDC. LSV Asset Management boosted its stake 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 acquiring an additional 600,447 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in shares of Blue Owl Capital by 8.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 494,340 shares of the company’s stock worth $7,603,000 after purchasing an additional 39,621 shares during the last quarter. Tectonic Advisors LLC grew its holdings in shares of Blue Owl Capital by 8.2% during the first quarter. Tectonic Advisors LLC now owns 397,203 shares of the company’s stock worth $6,109,000 after buying an additional 30,172 shares in the last quarter. Atomi Financial Group Inc. raised its position in shares of Blue Owl Capital by 5.5% in the first quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company’s stock valued at $215,000 after buying an additional 733 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its stake in shares of Blue Owl Capital by 84.5% during the first quarter. Concurrent Investment Advisors LLC now owns 492,532 shares of the company’s stock valued at $7,575,000 after buying an additional 225,608 shares during the period. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on OBDC shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Wells Fargo & Company upped their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods decreased their price target on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 20th. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Finally, Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Insider Buying and Selling

In related news, Director Edward H. Dalelio acquired 2,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the transaction, the director now directly owns 9,016 shares of the company’s stock, valued at $135,420.32. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.12% of the stock is owned by corporate insiders.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $14.83 on Friday. 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 Co. has a 1-year low of $13.84 and a 1-year high of $16.91. The firm has a market capitalization of $5.79 billion, a P/E ratio of 8.28 and a beta of 0.86. The business’s 50-day simple moving average is $14.89 and its 200-day simple moving average is $15.41.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $396.76 million for the quarter, compared to analysts’ expectations of $388.84 million. Equities analysts predict that Blue Owl Capital Co. will post 1.91 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, November 29th. Blue Owl Capital’s payout ratio is 82.68%.

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.