Ritholtz Wealth Management Acquires New Stake in Blue Owl Capital Co. (NYSE:OBDC)

Ritholtz Wealth Management acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 26,155 shares of the company’s stock, valued at approximately $402,000.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in shares of Blue Owl Capital by 19.4% in the 1st quarter. Van ECK Associates Corp now owns 8,150,533 shares of the company’s stock worth $125,355,000 after buying an additional 1,326,277 shares during the period. LSV Asset Management raised its position in shares of Blue Owl Capital by 17.3% in the 1st quarter. LSV Asset Management now owns 4,069,047 shares of the company’s stock worth $62,582,000 after acquiring an additional 600,447 shares in the last quarter. Hamilton Lane Advisors LLC bought a new position in shares of Blue Owl Capital in the 4th quarter worth $47,997,000. Stephens Inc. AR bought a new position in shares of Blue Owl Capital in the 4th quarter worth $45,575,000. Finally, Sound Income Strategies LLC raised its position in shares of Blue Owl Capital by 4.2% in the 2nd quarter. Sound Income Strategies LLC now owns 2,712,077 shares of the company’s stock worth $41,658,000 after acquiring an additional 108,485 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insider Activity

In related news, Director Edward H. Dalelio bought 2,500 shares of the stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares of the company’s stock, valued at $135,420.32. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Down 0.1 %

Shares of OBDC stock opened at $14.91 on Friday. The stock’s 50-day simple moving average is $15.11 and its 200-day simple moving average is $15.52. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $5.81 billion, a PE ratio of 7.53 and a beta of 0.87. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $396.76 million for the quarter, compared to analyst estimates of $388.84 million. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. Equities analysts expect that Blue Owl Capital Co. will post 1.93 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. Stockholders of record on Monday, September 30th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.61%. Blue Owl Capital’s dividend payout ratio is currently 74.75%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on OBDC. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. Truist Financial reduced their price target on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Hovde Group upped their target price on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Wells Fargo & Company reduced their target price on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. Finally, Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus 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.