Blue Owl Capital Co. (NYSE:OBDC) Shares Bought by First Affirmative Financial Network

First Affirmative Financial Network raised its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 9.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 17,401 shares of the company’s stock after acquiring an additional 1,461 shares during the period. First Affirmative Financial Network’s holdings in Blue Owl Capital were worth $268,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Melia Wealth LLC acquired a new stake in Blue Owl Capital in the 1st quarter valued at $13,829,000. Confluence Investment Management LLC bought a new position in shares of Blue Owl Capital during the first quarter worth about $3,060,000. Newbridge Financial Services Group Inc. acquired a new stake in Blue Owl Capital during the fourth quarter worth about $38,000. HighPoint Advisor Group LLC acquired a new stake in Blue Owl Capital during the fourth quarter worth about $1,264,000. Finally, Quadrature Capital Ltd acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $330,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Truist Financial raised their price objective on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 23rd. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Hovde Group raised their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. Finally, Royal Bank of Canada raised their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.19.

Blue Owl Capital Trading Down 1.5 %

Shares of NYSE:OBDC opened at $15.68 on Friday. The company has a 50 day moving average price of $16.14 and a 200 day moving average price of $15.44. Blue Owl Capital Co. has a 1-year low of $12.99 and a 1-year high of $16.91. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 7.92 and a beta of 0.89.

Blue Owl Capital (NYSE:OBDC) last posted 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). Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. The firm had revenue of $399.58 million during the quarter, compared to analyst estimates of $399.16 million. On average, research analysts anticipate that Blue Owl Capital Co. will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.05 per share. This represents a dividend yield of 10%. The ex-dividend date of this dividend was Friday, May 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 70.71%.

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.