Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by WESPAC Advisors LLC

WESPAC Advisors LLC decreased its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 40.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,226 shares of the company’s stock after selling 71,363 shares during the period. Blue Owl Capital makes up about 1.3% of WESPAC Advisors LLC’s holdings, making the stock its 18th biggest position. WESPAC Advisors LLC’s holdings in Blue Owl Capital were worth $1,647,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Heritage Wealth Advisors purchased a new stake in Blue Owl Capital during the fourth quarter worth about $32,000. CWM LLC grew its holdings in shares of Blue Owl Capital by 98.6% in the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock worth $32,000 after acquiring an additional 1,032 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Blue Owl Capital in the 4th quarter valued at approximately $38,000. Headlands Technologies LLC acquired a new position in Blue Owl Capital during the first quarter worth $40,000. Finally, Spire Wealth Management acquired a new position in Blue Owl Capital during the fourth quarter worth $45,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OBDC has been the subject of a number of research analyst reports. 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 shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Wells Fargo & Company decreased their price objective on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research note on Tuesday, August 20th. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $15.94.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 2,500 shares of Blue Owl Capital stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the transaction, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Blue Owl Capital Trading Up 0.8 %

Shares of NYSE OBDC traded up $0.12 on Friday, reaching $15.16. 4,019,143 shares of the company traded hands, compared to its average volume of 2,041,527. The company has a 50 day moving average of $15.17 and a 200 day moving average of $15.52. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The stock has a market capitalization of $5.91 billion, a PE ratio of 7.65 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly 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. The company had revenue of $396.76 million for the quarter, compared to analyst estimates of $388.84 million. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. On average, equities research analysts forecast that Blue Owl Capital Co. will post 1.92 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 Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Friday, August 30th. 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 1.58%. Blue Owl Capital’s dividend payout ratio is currently 74.75%.

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.