Wealthcare Advisory Partners LLC Has $381,000 Stake in Blue Owl Capital Co. (NYSE:OBDC)

Wealthcare Advisory Partners LLC increased its stake in Blue Owl Capital Co. (NYSE:OBDCFree Report) by 3.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 24,795 shares of the company’s stock after purchasing an additional 910 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in Blue Owl Capital were worth $381,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OBDC. First Affirmative Financial Network acquired a new stake in Blue Owl Capital in the 4th quarter worth $235,000. Wedmont Private Capital acquired a new stake in Blue Owl Capital during the fourth quarter worth about $311,000. Dfpg Investments LLC bought a new position in Blue Owl Capital during the fourth quarter valued at about $2,333,000. Sound Income Strategies LLC acquired a new position in Blue Owl Capital in the 4th quarter valued at approximately $36,311,000. Finally, Cornerstone Wealth Management LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $636,000. Institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on OBDC shares. Royal Bank of Canada boosted their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, May 17th. Truist Financial increased their price target on shares of Blue Owl Capital from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Hovde Group raised their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 23rd. Finally, JMP Securities restated a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.19.

Get Our Latest Report on OBDC

Blue Owl Capital Stock Down 1.4 %

Shares of OBDC opened at $15.36 on Monday. The company has a market capitalization of $5.99 billion, a P/E ratio of 7.76 and a beta of 0.89. Blue Owl Capital Co. has a one year low of $12.99 and a one year high of $16.91. The business’s 50 day simple moving average is $16.17 and its 200-day simple moving average is $15.47. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67.

Blue Owl Capital (NYSE:OBDCGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. The business had revenue of $399.58 million during the quarter, compared to analyst estimates of $399.16 million. As a group, sell-side analysts predict that Blue Owl Capital Co. will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business 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 payout ratio is presently 70.71%.

Blue Owl Capital Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OBDC)

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