SeaCrest Wealth Management LLC Sells 12,755 Shares of Blue Owl Capital Co. (NYSE:OBDC)

SeaCrest Wealth Management LLC lessened its stake in Blue Owl Capital Co. (NYSE:OBDC) by 12.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 92,289 shares of the company’s stock after selling 12,755 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Blue Owl Capital were worth $1,345,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. National Bank of Canada FI acquired a new position in shares of Blue Owl Capital during the second quarter valued at $26,000. CWM LLC lifted its position in Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,032 shares during the period. Newbridge Financial Services Group Inc. bought a new position in shares of Blue Owl Capital in the 4th quarter valued at about $38,000. Headlands Technologies LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $40,000. Finally, Retirement Group LLC raised its stake in shares of Blue Owl Capital by 216.8% during the first quarter. Retirement Group LLC now owns 3,105 shares of the company’s stock worth $48,000 after buying an additional 2,125 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 0.9 %

Shares of Blue Owl Capital stock opened at $15.13 on Thursday. The company has a market capitalization of $5.90 billion, a P/E ratio of 7.64 and a beta of 0.87. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. The business has a 50-day moving average of $14.77 and a two-hundred day moving average of $15.45. Blue Owl Capital Co. has a 1 year low of $12.99 and a 1 year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The business had revenue of $396.76 million during the quarter, compared to analysts’ expectations of $388.84 million. As a group, equities analysts predict that Blue Owl Capital Co. will post 1.91 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.06 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, September 30th. Blue Owl Capital’s payout ratio is currently 74.75%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OBDC. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 12th. Keefe, Bruyette & Woods reduced their price target on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 20th. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Finally, Wells Fargo & Company lowered their price target on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating for the company in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.94.

Insider Buying and Selling

In other news, Director Edward H. Dalelio purchased 2,500 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the acquisition, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

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.