B. Riley Wealth Advisors Inc. Has $721,000 Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

B. Riley Wealth Advisors Inc. raised its position in Blue Owl Capital Co. (NYSE:OBDC) by 53.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 45,809 shares of the company’s stock after purchasing an additional 15,979 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Blue Owl Capital were worth $721,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new position in shares of Blue Owl Capital in the 2nd quarter worth approximately $26,000. CWM LLC raised its holdings in shares of Blue Owl Capital by 98.6% in the second quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after buying an additional 1,032 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Blue Owl Capital in the fourth quarter valued at about $38,000. Headlands Technologies LLC acquired a new position in Blue Owl Capital during the 1st quarter worth about $40,000. Finally, Retirement Group LLC grew its holdings in Blue Owl Capital by 216.8% during the 1st quarter. Retirement Group LLC now owns 3,105 shares of the company’s stock worth $48,000 after acquiring an additional 2,125 shares during the last quarter. 42.83% of the stock is owned by institutional investors.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio purchased 2,500 shares of Blue Owl Capital stock in a transaction dated 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 in the company, valued at $135,420.32. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Up 0.7 %

NYSE:OBDC opened at $14.81 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. Blue Owl Capital Co. has a 12-month low of $12.99 and a 12-month high of $16.91. The stock’s fifty day simple moving average is $14.81 and its 200-day simple moving average is $15.47. The firm has a market capitalization of $5.77 billion, a P/E ratio of 7.48 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $396.76 million for the quarter, compared to analysts’ expectations of $388.84 million. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. Equities research analysts expect that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.62%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s payout ratio is currently 74.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OBDC. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Keefe, Bruyette & Woods reduced 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. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Finally, Wells Fargo & Company decreased their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $15.94.

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.