GWN Securities Inc. Acquires New Holdings in Blue Owl Capital Co. (NYSE:OBDC)

GWN Securities Inc. acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 28,251 shares of the company’s stock, valued at approximately $420,000.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC increased its holdings in Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after buying an additional 182,002 shares during the period. Advisors Asset Management Inc. grew its holdings 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 last quarter. Franklin Resources Inc. grew its holdings in 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. FNY Investment Advisers LLC purchased a new position in Blue Owl Capital in the fourth quarter worth $814,000. Finally, Arkadios Wealth Advisors grew its holdings in Blue Owl Capital by 80.9% in the fourth quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company’s stock worth $759,000 after purchasing an additional 22,440 shares during the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple acquired 15,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the acquisition, the director now owns 51,000 shares of the company’s stock, valued at approximately $754,800. This represents a 41.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is currently owned by insiders.

Blue Owl Capital Trading Up 2.5 %

NYSE OBDC opened at $14.43 on Monday. The company has a market capitalization of $7.37 billion, a PE ratio of 9.43 and a beta of 0.85. The company has a fifty day moving average of $15.00 and a 200 day moving average of $15.02. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28.

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 analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. Research analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm 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 is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.39%. Blue Owl Capital’s dividend payout ratio is presently 96.73%.

Analysts Set New Price Targets

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

Blue Owl Capital 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.