Evoke Wealth LLC Takes Position in Blue Owl Capital Co. (NYSE:OBDC)

Evoke Wealth LLC acquired a new position in Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 10,485 shares of the company’s stock, valued at approximately $162,000.

Other large investors also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. grew its holdings in shares of Blue Owl Capital by 1.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock valued at $1,014,000 after buying an additional 685 shares in the last quarter. Amplius Wealth Advisors LLC grew its stake in Blue Owl Capital by 1.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock valued at $615,000 after acquiring an additional 702 shares in the last quarter. Channel Wealth LLC increased its holdings in shares of Blue Owl Capital by 1.9% in the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock valued at $673,000 after purchasing an additional 823 shares during the period. Blue Trust Inc. lifted its position in shares of Blue Owl Capital by 9.5% in the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock worth $222,000 after purchasing an additional 1,321 shares in the last quarter. Finally, Csenge Advisory Group boosted its holdings in shares of Blue Owl Capital by 2.6% during the fourth quarter. Csenge Advisory Group now owns 55,064 shares of the company’s stock worth $833,000 after purchasing an additional 1,373 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Analysts Set New Price Targets

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

Blue Owl Capital Price Performance

Shares of OBDC opened at $15.00 on Thursday. The firm has a market cap of $7.66 billion, a PE ratio of 9.80 and a beta of 0.85. The firm’s 50 day moving average price is $15.01 and its 200 day moving average price is $15.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate 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 net margin of 37.26% and a return on equity of 12.38%. As a group, research analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is 96.73%.

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.