First Affirmative Financial Network Sells 2,337 Shares of Blue Owl Capital Co. (NYSE:OBDC)

First Affirmative Financial Network lessened its stake in Blue Owl Capital Co. (NYSE:OBDC) by 11.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,731 shares of the company’s stock after selling 2,337 shares during the quarter. First Affirmative Financial Network’s holdings in Blue Owl Capital were worth $283,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OBDC. Van ECK Associates Corp increased its position in shares of Blue Owl Capital by 4.9% during the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after acquiring an additional 347,155 shares during the last quarter. Stephens Inc. AR increased its position in shares of Blue Owl Capital by 4.3% during the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock valued at $46,909,000 after acquiring an additional 132,386 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of 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 acquiring an additional 182,002 shares during the last quarter. Sage Advisors LLC increased its position in shares of Blue Owl Capital by 3.7% during the third quarter. Sage Advisors LLC now owns 1,996,927 shares of the company’s stock valued at $29,095,000 after acquiring an additional 71,503 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Blue Owl Capital by 1.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company’s stock valued at $26,659,000 after acquiring an additional 24,425 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on OBDC. Wells Fargo & Company increased 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. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.92.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $15.06 on Friday. The stock has a market cap of $5.87 billion, a PE ratio of 9.35 and a beta of 0.84. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a fifty day moving average of $15.12 and a 200-day moving average of $15.00.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $406.03 million during the quarter, compared to analysts’ expectations of $399.85 million. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. During the same quarter last year, the firm posted $0.49 earnings per share. Equities research analysts anticipate that Blue Owl Capital Co. will post 1.89 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.37 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 9.83%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 91.93%.

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.