Blue Owl Capital Co. (NYSE:OBDC) Stake Lowered by Integrity Financial Corp WA

Integrity Financial Corp WA lessened its position in Blue Owl Capital Co. (NYSE:OBDC) by 24.0% during the second quarter, Holdings Channel reports. The fund owned 26,551 shares of the company’s stock after selling 8,363 shares during the quarter. Integrity Financial Corp WA’s holdings in Blue Owl Capital were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Strategies Wealth Advisors LLC lifted its holdings in shares of Blue Owl Capital by 2.7% in the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock valued at $434,000 after buying an additional 745 shares during the period. Arkadios Wealth Advisors boosted its position in shares of Blue Owl Capital by 5.4% during the 2nd quarter. Arkadios Wealth Advisors now owns 23,555 shares of the company’s stock valued at $362,000 after purchasing an additional 1,200 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Blue Owl Capital by 13.5% in the 2nd quarter. HB Wealth Management LLC now owns 373,724 shares of the company’s stock worth $5,740,000 after purchasing an additional 44,355 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Blue Owl Capital by 37.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 40,313 shares of the company’s stock worth $619,000 after purchasing an additional 11,041 shares in the last quarter. Finally, NewSquare Capital LLC lifted its stake in Blue Owl Capital by 12.1% during the second quarter. NewSquare Capital LLC now owns 49,507 shares of the company’s stock valued at $760,000 after purchasing an additional 5,330 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on OBDC. Hovde Group upped their price target on Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Truist Financial cut their target price on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Wells Fargo & Company cut their price objective on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Monday, August 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.94.

Insider Transactions at Blue Owl Capital

In other news, Director Edward H. Dalelio purchased 2,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were bought at an average price of $15.02 per share, with a total value of $37,550.00. Following the completion of the transaction, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.12% of the stock is currently owned by corporate insiders.

Blue Owl Capital Stock Up 0.8 %

NYSE OBDC traded up $0.12 during trading on Friday, reaching $15.16. 4,019,143 shares of the company’s stock were exchanged, compared to its average volume of 2,041,527. The firm has a market capitalization of $5.91 billion, a PE ratio of 7.65 and a beta of 0.87. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. The company’s fifty day simple moving average is $15.17 and its 200-day simple moving average is $15.52.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The firm had revenue of $396.76 million for the quarter, compared to the consensus estimate of $388.84 million. Sell-side analysts predict that Blue Owl Capital Co. will post 1.92 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.06 dividend. The ex-dividend date is Friday, August 30th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 1.58%. Blue Owl Capital’s payout ratio is 74.75%.

About Blue Owl Capital

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.