Avantax Planning Partners Inc. Has $1.19 Million Stake in Blue Owl Capital Co. (NYSE:OBDC)

Avantax Planning Partners Inc. reduced its stake in Blue Owl Capital Co. (NYSE:OBDC) by 2.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 78,388 shares of the company’s stock after selling 2,242 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Blue Owl Capital were worth $1,185,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OBDC. US Bancorp DE lifted its position in Blue Owl Capital by 226.3% during the 3rd quarter. US Bancorp DE now owns 18,988 shares of the company’s stock worth $277,000 after acquiring an additional 13,168 shares during the last quarter. Apollon Wealth Management LLC increased its stake in shares of Blue Owl Capital by 1.6% in the third quarter. Apollon Wealth Management LLC now owns 110,016 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,760 shares during the period. First National Trust Co lifted its position in shares of Blue Owl Capital by 83.9% during the 3rd quarter. First National Trust Co now owns 141,524 shares of the company’s stock worth $2,062,000 after purchasing an additional 64,558 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its stake in Blue Owl Capital by 35.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 20,315 shares of the company’s stock valued at $296,000 after purchasing an additional 5,372 shares during the period. Finally, Barnett & Company Inc. grew its holdings in Blue Owl Capital by 38.2% in the 3rd quarter. Barnett & Company Inc. now owns 102,900 shares of the company’s stock valued at $1,499,000 after buying an additional 28,450 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OBDC. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. 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 report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.08.

Blue Owl Capital Stock Down 1.9 %

OBDC opened at $14.50 on Wednesday. The company has a market capitalization of $7.40 billion, a P/E ratio of 9.47 and a beta of 0.85. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The firm’s fifty day moving average price is $15.07 and its two-hundred day moving average price is $15.04. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

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

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.38%. Blue Owl Capital’s dividend payout ratio is currently 96.73%.

Insider Activity

In other news, Director Chris Temple bought 15,000 shares of Blue Owl Capital stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now owns 51,000 shares of the company’s stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company’s stock.

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.