WCG Wealth Advisors LLC Has $838,000 Holdings in Blue Owl Capital Co. (NYSE:OBDC)

WCG Wealth Advisors LLC raised its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,564 shares of the company’s stock after buying an additional 5,801 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $838,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of OBDC. National Bank of Canada FI acquired a new position in shares of Blue Owl Capital during the second quarter worth approximately $26,000. Heritage Wealth Advisors acquired a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $32,000. CWM LLC lifted its holdings in shares of Blue Owl Capital by 98.6% during the second quarter. CWM LLC now owns 2,079 shares of the company’s stock worth $32,000 after buying an additional 1,032 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $38,000. Finally, Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital during the first quarter worth approximately $40,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $14.93 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a fifty day moving average price of $14.96 and a two-hundred day moving average price of $15.50. Blue Owl Capital Co. has a 52-week low of $12.99 and a 52-week high of $16.91. The firm has a market capitalization of $5.82 billion, a P/E ratio of 7.54 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results 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. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The company had revenue of $396.76 million during the quarter, compared to analyst estimates of $388.84 million. As a group, analysts anticipate that Blue Owl Capital Co. will post 1.93 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.61%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, September 30th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 74.75%.

Analyst Ratings Changes

A number of research firms have recently issued reports on OBDC. Raymond James cut Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Keefe, Bruyette & Woods lowered their price objective on 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. Truist Financial lowered their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Wells Fargo & Company lowered their price objective 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, Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus target price of $15.94.

Insider Buying and Selling

In other news, Director Edward H. Dalelio acquired 2,500 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the transaction, the director now directly owns 9,016 shares in the company, valued at $135,420.32. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.12% of the company’s stock.

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.