Arete Wealth Advisors LLC Grows Position in Blue Owl Capital Co. (NYSE:OBDC)

Arete Wealth Advisors LLC boosted its position in Blue Owl Capital Co. (NYSE:OBDC) by 22.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 31,653 shares of the company’s stock after acquiring an additional 5,850 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $479,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Captrust Financial Advisors raised its holdings in shares of Blue Owl Capital by 78.3% in the 3rd quarter. Captrust Financial Advisors now owns 22,389 shares of the company’s stock valued at $326,000 after purchasing an additional 9,833 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Blue Owl Capital by 18.3% in the third quarter. Integrated Wealth Concepts LLC now owns 13,259 shares of the company’s stock valued at $193,000 after buying an additional 2,052 shares in the last quarter. Stifel Financial Corp raised its stake in Blue Owl Capital by 8.5% in the third quarter. Stifel Financial Corp now owns 878,953 shares of the company’s stock valued at $12,806,000 after buying an additional 69,042 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Blue Owl Capital by 69.0% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 16,900 shares of the company’s stock worth $246,000 after buying an additional 6,900 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in shares of Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after acquiring an additional 2,460 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insider Buying and Selling

In other news, Director Chris Temple acquired 15,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now owns 51,000 shares of the company’s stock, valued at $754,800. This represents a 41.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

Blue Owl Capital Trading Down 7.5 %

Shares of Blue Owl Capital stock opened at $13.32 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The company has a market capitalization of $6.80 billion, a P/E ratio of 8.70 and a beta of 0.85. Blue Owl Capital Co. has a 1 year low of $13.23 and a 1 year high of $16.91. The company’s fifty day moving average is $15.00 and its two-hundred day moving average is $15.02.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $394.39 million for the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 96.73%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $14.00 to $15.00 in a research note on Monday, March 17th. Finally, Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.17.

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.