Prevail Innovative Wealth Advisors LLC Sells 11,241 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Prevail Innovative Wealth Advisors LLC lessened its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 8.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 123,553 shares of the company’s stock after selling 11,241 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $1,868,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sound Income Strategies LLC lifted its stake in shares of Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after purchasing an additional 182,002 shares during the period. Franklin Resources Inc. lifted its stake in Blue Owl Capital by 11.2% in the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock valued at $11,116,000 after buying an additional 74,959 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $814,000. Arkadios Wealth Advisors raised its holdings in shares of Blue Owl Capital by 80.9% in the 4th quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company’s stock worth $759,000 after acquiring an additional 22,440 shares during the last quarter. Finally, Acorn Creek Capital LLC bought a new stake in Blue Owl Capital in the fourth quarter worth about $325,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

OBDC opened at $15.05 on Friday. 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 Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The stock’s 50 day simple moving average is $15.05 and its 200 day simple moving average is $15.03. The firm has a market cap of $7.69 billion, a price-to-earnings ratio of 9.83 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.46 by $0.01. The company had revenue of $394.39 million for 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%. As a group, analysts predict 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 paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.33%. Blue Owl Capital’s payout ratio is presently 96.73%.

Insider Activity at Blue Owl Capital

In related news, Director Chris Temple bought 15,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on OBDC. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $14.00 to $15.00 in a research report on Monday, March 17th. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research report on Friday, February 21st. Three analysts have rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $16.17.

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.