Wealth Enhancement Advisory Services LLC Has $705,000 Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Wealth Enhancement Advisory Services LLC grew its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 19.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,627 shares of the company’s stock after purchasing an additional 7,522 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Blue Owl Capital were worth $705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in OBDC. Anchor Investment Management LLC increased its position in Blue Owl Capital by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock valued at $45,000 after buying an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Blue Owl Capital in the 4th quarter valued at about $48,000. Lazard Asset Management LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at about $49,000. Millstone Evans Group LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at about $76,000. Finally, Venturi Wealth Management LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at about $77,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Victor Woolridge bought 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $14.45 per share, with a total value of $99,921.75. Following the completion of the purchase, the director now directly owns 28,191 shares in the company, valued at $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group initiated coverage on Blue Owl Capital in a research report on Friday, April 11th. They issued a “buy” rating and a $16.00 target price for the company. Keefe, Bruyette & Woods decreased their price objective on Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a report on Tuesday, April 8th. B. Riley initiated coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a “buy” rating and a $15.00 price objective for the company. Wells Fargo & Company decreased their price objective on Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $15.64.

Blue Owl Capital Stock Performance

OBDC stock opened at $14.75 on Wednesday. The firm has a market cap of $7.54 billion, a PE ratio of 9.64 and a beta of 0.73. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average of $14.05 and a 200-day moving average of $14.72. Blue Owl Capital Co. has a 12-month low of $12.11 and a 12-month high of $16.19.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. As a group, sell-side analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 13th. Investors of record on Monday, June 2nd will be given a $0.01 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 11.51%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 95.48%.

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.