B. Riley Wealth Advisors Inc. Acquires New Stake in Blue Owl Capital Co. (NYSE:OBDC)

B. Riley Wealth Advisors Inc. bought a new position in Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 32,809 shares of the company’s stock, valued at approximately $496,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Heritage Wealth Advisors bought a new stake in Blue Owl Capital during the 4th quarter valued at about $32,000. GPS Wealth Strategies Group LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $41,000. Spire Wealth Management bought a new position in Blue Owl Capital in the fourth quarter worth approximately $45,000. Edmond DE Rothschild Holding S.A. purchased a new position in Blue Owl Capital during the 4th quarter worth $57,000. Finally, CVA Family Office LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at $61,000. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Down 1.5 %

Blue Owl Capital stock opened at $15.68 on Monday. The business has a fifty day moving average price of $16.14 and a 200-day moving average price of $15.45. Blue Owl Capital Co. has a 1-year low of $12.99 and a 1-year high of $16.91. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 7.92 and a beta of 0.89. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $399.58 million for the quarter, compared to analyst estimates of $399.16 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. Equities research analysts forecast that Blue Owl Capital Co. will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

Wall Street Analyst Weigh In

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

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.