Valeo Financial Advisors LLC Takes $1 Million Position in Blue Owl Capital Co. (NYSE:OBDC)

Valeo Financial Advisors LLC bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 65,000 shares of the company’s stock, valued at approximately $1,000,000.

Several other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Blue Owl Capital by 5.6% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 753,430 shares of the company’s stock valued at $11,588,000 after buying an additional 39,837 shares during the period. SeaCrest Wealth Management LLC increased its holdings in Blue Owl Capital by 81.5% in the 1st quarter. SeaCrest Wealth Management LLC now owns 87,893 shares of the company’s stock worth $1,352,000 after acquiring an additional 39,456 shares in the last quarter. Naviter Wealth LLC increased its holdings in Blue Owl Capital by 1,373.8% in the 1st quarter. Naviter Wealth LLC now owns 277,209 shares of the company’s stock worth $4,365,000 after acquiring an additional 258,400 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new position in Blue Owl Capital during the first quarter worth $313,000. Finally, CAP Partners LLC purchased a new position in Blue Owl Capital during the first quarter valued at $205,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.2 %

Shares of NYSE:OBDC traded down $0.03 during trading on Wednesday, hitting $15.55. 1,245,812 shares of the company were exchanged, compared to its average volume of 2,001,095. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67. The firm’s 50 day moving average price is $16.16 and its 200-day moving average price is $15.48. The stock has a market capitalization of $6.06 billion, a P/E ratio of 7.87 and a beta of 0.88. Blue Owl Capital Co. has a 12-month low of $12.99 and a 12-month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, May 8th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The firm had revenue of $399.58 million during the quarter, compared to analysts’ expectations of $399.16 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. On average, research analysts predict that Blue Owl Capital Co. will post 1.88 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were issued a dividend of $0.05 per share. This represents a dividend yield of 10%. The ex-dividend date was Friday, May 31st. Blue Owl Capital’s dividend payout ratio is currently 74.75%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OBDC. Hovde Group raised their target price on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. JMP Securities reaffirmed a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Truist Financial increased their price target on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 23rd. Finally, Royal Bank of Canada increased their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.19.

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.