Avantax Advisory Services Inc. Acquires 4,960 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Avantax Advisory Services Inc. raised its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 15.8% in the 4th quarter, HoldingsChannel reports. The firm owned 36,396 shares of the company’s stock after purchasing an additional 4,960 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Blue Owl Capital were worth $550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Truvestments Capital LLC boosted its position in Blue Owl Capital by 6.3% in the 4th quarter. Truvestments Capital LLC now owns 205,179 shares of the company’s stock valued at $3,102,000 after buying an additional 12,165 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Blue Owl Capital by 12.8% during the fourth quarter. Farther Finance Advisors LLC now owns 14,650 shares of the company’s stock worth $222,000 after purchasing an additional 1,663 shares during the period. HighTower Advisors LLC increased its holdings in Blue Owl Capital by 20.1% in the fourth quarter. HighTower Advisors LLC now owns 773,175 shares of the company’s stock valued at $11,690,000 after purchasing an additional 129,509 shares during the last quarter. Wealthfront Advisers LLC acquired a new position in Blue Owl Capital in the fourth quarter valued at about $331,000. Finally, Intellectus Partners LLC boosted its holdings in Blue Owl Capital by 3.3% during the fourth quarter. Intellectus Partners LLC now owns 171,291 shares of the company’s stock worth $2,653,000 after buying an additional 5,530 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Wells Fargo & Company raised Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $14.00 to $15.00 in a research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $16.17.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $15.02 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The company has a market cap of $7.67 billion, a PE ratio of 9.81 and a beta of 0.85. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The business’s 50 day moving average price is $15.02 and its two-hundred day moving average price is $15.01.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is 96.73%.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Chris Temple acquired 15,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now directly owns 51,000 shares of the company’s stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.12% of the company’s stock.

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.