Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by WESPAC Advisors LLC

WESPAC Advisors LLC grew its position in Blue Owl Capital Co. (NYSE:OBDC) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,962 shares of the company’s stock after buying an additional 6,576 shares during the quarter. Blue Owl Capital accounts for approximately 1.3% of WESPAC Advisors LLC’s holdings, making the stock its 16th biggest holding. WESPAC Advisors LLC’s holdings in Blue Owl Capital were worth $1,723,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Fifth Third Bancorp boosted its holdings in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after purchasing an additional 1,922 shares during the last quarter. National Bank of Canada FI grew its position in Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after buying an additional 2,460 shares in the last quarter. Westend Capital Management LLC raised its stake in shares of Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in Blue Owl Capital during the fourth quarter worth approximately $77,000. Finally, Balboa Wealth Partners acquired a new stake in shares of Blue Owl Capital during the third quarter worth $169,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Down 0.6 %

Blue Owl Capital stock opened at $15.44 on Friday. The company has a fifty day simple moving average of $15.11 and a 200 day simple moving average of $14.99. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The company has a market cap of $6.02 billion, a P/E ratio of 10.09 and a beta of 0.83.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The firm had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Research analysts anticipate that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. Blue Owl Capital’s dividend payout ratio (DPR) is 96.73%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on OBDC. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Wells Fargo & Company raised their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.08.

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.