Kovack Advisors Inc. Trims Stake in Blue Owl Capital Co. (NYSE:OBDC)

Kovack Advisors Inc. reduced its position in Blue Owl Capital Co. (NYSE:OBDC) by 19.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,424 shares of the company’s stock after selling 5,977 shares during the quarter. Kovack Advisors Inc.’s holdings in Blue Owl Capital were worth $384,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in OBDC. Sound Income Strategies LLC raised its holdings in shares of Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after buying an additional 182,002 shares during the period. Advisors Asset Management Inc. increased its stake in Blue Owl Capital by 16.8% in the third quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock worth $4,878,000 after purchasing an additional 48,136 shares during the period. Legacy Capital Wealth Partners LLC boosted its stake in shares of Blue Owl Capital by 96.8% during the third quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock valued at $3,054,000 after purchasing an additional 103,123 shares during the period. Franklin Resources Inc. grew its holdings in shares of Blue Owl Capital by 11.2% in the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock worth $11,116,000 after purchasing an additional 74,959 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Blue Owl Capital in the 4th quarter worth about $814,000. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Up 1.8 %

Shares of NYSE:OBDC opened at $15.45 on Friday. The company has a market capitalization of $6.03 billion, a PE ratio of 10.10 and a beta of 0.83. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The business’s fifty day simple moving average is $15.13 and its 200-day simple moving average is $15.01.

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

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.29%. Blue Owl Capital’s payout ratio is 96.73%.

Analysts Set New Price Targets

A number of brokerages have commented on OBDC. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.08.

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.