Blue Owl Capital Co. (NYSE:OBDC) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in Blue Owl Capital Co. (NYSE:OBDC) by 35.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,105 shares of the company’s stock after acquiring an additional 10,298 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Blue Owl Capital were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Arkadios Wealth Advisors lifted its holdings in shares of Blue Owl Capital by 17.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 27,755 shares of the company’s stock valued at $404,000 after purchasing an additional 4,200 shares during the last quarter. Tectonic Advisors LLC lifted its stake in Blue Owl Capital by 21.5% in the third quarter. Tectonic Advisors LLC now owns 528,492 shares of the company’s stock valued at $7,700,000 after buying an additional 93,478 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Blue Owl Capital by 8.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 235,890 shares of the company’s stock valued at $3,437,000 after acquiring an additional 19,177 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Blue Owl Capital during the third quarter worth approximately $12,810,000. Finally, Private Advisor Group LLC increased its holdings in shares of Blue Owl Capital by 4.1% in the 3rd quarter. Private Advisor Group LLC now owns 153,811 shares of the company’s stock valued at $2,241,000 after acquiring an additional 5,993 shares during the period. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio purchased 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of $15.02 per share, with a total value of $37,550.00. Following the purchase, the director now directly owns 9,016 shares of the company’s stock, valued at $135,420.32. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.12% of the stock is currently owned by corporate insiders.

Blue Owl Capital Stock Down 2.0 %

Blue Owl Capital stock opened at $14.83 on Friday. The stock’s 50 day moving average price is $14.89 and its 200 day moving average price is $15.41. The company has a market cap of $5.79 billion, a PE ratio of 8.28 and a beta of 0.86. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. Blue Owl Capital Co. has a 1-year low of $13.84 and a 1-year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The company had revenue of $396.76 million for the quarter, compared to analyst estimates of $388.84 million. On average, sell-side analysts predict that Blue Owl Capital Co. will post 1.91 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, November 29th. Blue Owl Capital’s payout ratio is currently 82.68%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OBDC shares. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Wells Fargo & Company upped their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

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.