Blue Owl Capital Co. (NYSE:OBDC) Shares Bought by Register Financial Advisors LLC

Register Financial Advisors LLC grew its stake in Blue Owl Capital Co. (NYSE:OBDC) by 135.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,172 shares of the company’s stock after purchasing an additional 5,855 shares during the quarter. Register Financial Advisors LLC’s holdings in Blue Owl Capital were worth $156,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $787,000. Epiq Partners LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $4,123,000. Wealthcare Advisory Partners LLC grew its position in shares of Blue Owl Capital by 3.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company’s stock valued at $381,000 after purchasing an additional 910 shares during the period. DGS Capital Management LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $187,000. Finally, Kingswood Wealth Advisors LLC grew its position in shares of Blue Owl Capital by 4.8% in the first quarter. Kingswood Wealth Advisors LLC now owns 127,195 shares of the company’s stock valued at $1,956,000 after purchasing an additional 5,837 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analysts Set New Price Targets

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

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $15.36 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67. The firm’s 50-day moving average is $16.17 and its two-hundred day moving average is $15.47. Blue Owl Capital Co. has a 12 month low of $12.99 and a 12 month high of $16.91. The company has a market capitalization of $5.98 billion, a PE ratio of 7.76 and a beta of 0.89.

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

Blue Owl Capital Cuts Dividend

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

About Blue Owl Capital

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.