U.S. Capital Wealth Advisors LLC Boosts Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

U.S. Capital Wealth Advisors LLC boosted its position in Blue Owl Capital Co. (NYSE:OBDC) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,145 shares of the company’s stock after purchasing an additional 1,500 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $647,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $2,180,000. Prime Capital Investment Advisors LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth $405,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Blue Owl Capital in the fourth quarter worth $241,000. Bleakley Financial Group LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth $166,000. Finally, Cerity Partners LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth $5,274,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 0.5 %

Shares of OBDC traded down $0.08 during trading hours on Friday, hitting $14.50. The company had a trading volume of 2,950,623 shares, compared to its average volume of 2,038,954. The firm has a market cap of $5.65 billion, a P/E ratio of 7.27 and a beta of 0.87. The stock’s 50 day moving average price is $15.63 and its 200 day moving average price is $15.54. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.14. 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 released its quarterly earnings data on Wednesday, May 8th. The company reported $0.47 EPS for the quarter, missing the consensus estimate 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 company had revenue of $399.58 million during the quarter, compared to analysts’ expectations of $399.16 million. On average, research analysts predict that Blue Owl Capital Co. will post 1.88 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 13th. Stockholders 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 boost from Blue Owl Capital’s previous dividend of $0.05. Blue Owl Capital’s payout ratio is 74.75%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Hovde Group raised their price target on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 23rd. Royal Bank of Canada lifted their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Wells Fargo & Company dropped their price objective on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating for the company in a research note on Friday. Finally, Truist Financial dropped their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Hold” and a consensus price target of $16.00.

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.