Kingswood Wealth Advisors LLC Purchases 9,445 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Kingswood Wealth Advisors LLC lifted its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 7.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 136,640 shares of the company’s stock after purchasing an additional 9,445 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $2,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in OBDC. DNB Asset Management AS increased its stake in Blue Owl Capital by 16.2% in the 2nd quarter. DNB Asset Management AS now owns 224,951 shares of the company’s stock worth $3,455,000 after buying an additional 31,364 shares in the last quarter. Boston Partners bought a new stake in Blue Owl Capital during the 1st quarter valued at approximately $15,010,000. Cetera Advisors LLC purchased a new position in Blue Owl Capital in the 1st quarter worth approximately $736,000. Cetera Investment Advisers boosted its stake in Blue Owl Capital by 154.4% in the 1st quarter. Cetera Investment Advisers now owns 111,707 shares of the company’s stock worth $1,718,000 after purchasing an additional 67,799 shares during the period. Finally, Virtu Financial LLC purchased a new stake in Blue Owl Capital during the 1st quarter valued at approximately $840,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OBDC shares. Royal Bank of Canada boosted their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 23rd. Hovde Group boosted their target price on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Finally, Truist Financial raised their price target on Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a report on Monday, May 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

Blue Owl Capital Trading Down 0.9 %

OBDC stock traded down $0.13 during midday trading on Wednesday, reaching $14.68. 2,488,306 shares of the company traded hands, compared to its average volume of 2,019,130. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 7.55 and a beta of 0.87. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.67 and a current ratio of 1.67. The business has a 50 day moving average of $15.71 and a 200-day moving average of $15.55. Blue Owl Capital Co. has a 52-week low of $12.99 and a 52-week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $399.58 million for the quarter, compared to the consensus estimate of $399.16 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. As a group, sell-side analysts expect that Blue Owl Capital Co. will post 1.88 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were given a $0.05 dividend. This represents a yield of 10%. The ex-dividend date was Friday, May 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 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.