Redhawk Wealth Advisors Inc. Buys 3,961 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Redhawk Wealth Advisors Inc. raised its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 9.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,173 shares of the company’s stock after acquiring an additional 3,961 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Blue Owl Capital were worth $702,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. bought a new stake in Blue Owl Capital during the fourth quarter worth $16,207,000. B. Riley Wealth Advisors Inc. purchased a new position in shares of Blue Owl Capital in the 4th quarter worth about $496,000. PNC Financial Services Group Inc. bought a new position in Blue Owl Capital during the fourth quarter valued at about $684,000. Quadrature Capital Ltd bought a new stake in Blue Owl Capital in the fourth quarter worth about $330,000. Finally, HighPoint Advisor Group LLC purchased a new position in Blue Owl Capital in the fourth quarter valued at about $1,264,000. Institutional investors own 42.83% of the company’s stock.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of $15.02 per share, with a total value of $37,550.00. Following the transaction, the director now owns 9,016 shares in the company, valued at $135,420.32. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 20th. Truist Financial decreased their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, August 9th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Finally, Raymond James cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus price target of $15.94.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $14.98 on Tuesday. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 7.56 and a beta of 0.87. The stock’s 50 day simple moving average is $14.76 and its two-hundred day simple moving average is $15.45. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.84.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The firm had revenue of $396.76 million for the quarter, compared to analysts’ expectations of $388.84 million. As a group, analysts expect that Blue Owl Capital Co. will post 1.91 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.06 dividend. The ex-dividend date is Monday, September 30th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.60%. Blue Owl Capital’s dividend payout ratio is 74.75%.

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.