Measured Wealth Private Client Group LLC Acquires Shares of 20,334 Blue Owl Capital Co. (NYSE:OBDC)

Measured Wealth Private Client Group LLC bought a new position in Blue Owl Capital Co. (NYSE:OBDC) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,334 shares of the company’s stock, valued at approximately $313,000.

Other large investors also recently modified their holdings of the company. Heritage Wealth Advisors purchased a new stake in Blue Owl Capital in the fourth quarter worth about $32,000. Newbridge Financial Services Group Inc. purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $38,000. GPS Wealth Strategies Group LLC bought a new position in Blue Owl Capital in the 4th quarter valued at approximately $41,000. Spire Wealth Management purchased a new stake in Blue Owl Capital during the 4th quarter valued at $45,000. Finally, Westend Capital Management LLC bought a new position in shares of Blue Owl Capital during the first quarter valued at $56,000. 42.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Blue Owl Capital Stock Performance

OBDC stock opened at $15.59 on Wednesday. Blue Owl Capital Co. has a 1-year low of $12.99 and a 1-year high of $16.91. The business has a 50-day moving average price of $16.16 and a 200 day moving average price of $15.48. The company has a market capitalization of $6.07 billion, a P/E ratio of 7.87 and a beta of 0.88. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.67 and a quick ratio of 1.67.

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 analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $399.58 million for the quarter, compared to analysts’ expectations of $399.16 million. Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. As a group, equities research analysts forecast that Blue Owl Capital Co. will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

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.