Register Financial Advisors LLC Boosts Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Register Financial Advisors LLC boosted its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 19.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,261 shares of the company’s stock after acquiring an additional 2,033 shares during the quarter. Register Financial Advisors LLC’s holdings in Blue Owl Capital were worth $185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp boosted its holdings in shares of Blue Owl Capital by 4.9% during the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after purchasing an additional 347,155 shares during the period. Stephens Inc. AR boosted its holdings in Blue Owl Capital by 4.3% in the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock valued at $46,909,000 after acquiring an additional 132,386 shares in the last quarter. Sound Income Strategies LLC increased its position in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after purchasing an additional 182,002 shares during the period. Sage Advisors LLC lifted its position in shares of Blue Owl Capital by 3.7% in the 3rd quarter. Sage Advisors LLC now owns 1,996,927 shares of the company’s stock worth $29,095,000 after purchasing an additional 71,503 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in Blue Owl Capital by 1.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company’s stock worth $26,659,000 after buying an additional 24,425 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

OBDC has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Wells Fargo & Company upped their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.92.

Blue Owl Capital Price Performance

NYSE OBDC opened at $14.88 on Monday. The company has a 50-day moving average price of $15.12 and a 200-day moving average price of $15.01. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $5.80 billion, a P/E ratio of 9.24 and a beta of 0.84. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, November 6th. 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 12.59% and a net margin of 38.99%. The company had revenue of $406.03 million during the quarter, compared to analysts’ expectations of $399.85 million. During the same quarter last year, the company earned $0.49 earnings per share. Equities research analysts anticipate that Blue Owl Capital Co. will post 1.89 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.95%. Blue Owl Capital’s dividend payout ratio is 91.93%.

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.