19,243 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 19,243 shares of the company’s stock, valued at approximately $296,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. National Bank of Canada FI bought a new position in shares of Blue Owl Capital during the 2nd quarter valued at about $26,000. CWM LLC boosted its holdings in shares of Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,032 shares during the last quarter. Heritage Wealth Advisors bought a new position in shares of Blue Owl Capital in the 4th quarter valued at about $32,000. Headlands Technologies LLC purchased a new position in Blue Owl Capital in the first quarter worth about $40,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in Blue Owl Capital in the fourth quarter worth about $38,000. Institutional investors own 42.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Keefe, Bruyette & Woods dropped their price target on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Wells Fargo & Company dropped their target price on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. Finally, Truist Financial dropped their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.94.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC opened at $14.79 on Thursday. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 7.47 and a beta of 0.87. Blue Owl Capital Co. has a 52 week low of $12.99 and a 52 week high of $16.91. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The firm has a 50 day moving average of $14.99 and a 200 day moving average of $15.51.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. On average, sell-side analysts predict that Blue Owl Capital Co. will post 1.93 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

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

Insiders Place Their Bets

In other news, Director Edward H. Dalelio purchased 2,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

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.