Wedbush Securities Inc. Has $502,000 Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Wedbush Securities Inc. raised its position in Blue Owl Capital Co. (NYSE:OBDC) by 13.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,671 shares of the company’s stock after purchasing an additional 3,813 shares during the quarter. Wedbush Securities Inc.’s holdings in Blue Owl Capital were worth $502,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. National Bank of Canada FI acquired a new stake in Blue Owl Capital in the 2nd quarter valued at approximately $26,000. CWM LLC raised its holdings in shares of Blue Owl Capital by 98.6% in the second 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 last quarter. Heritage Wealth Advisors acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at approximately $32,000. Headlands Technologies LLC bought a new stake in shares of Blue Owl Capital in the first quarter worth $40,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in Blue Owl Capital during the fourth quarter worth $38,000. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC opened at $14.72 on Friday. Blue Owl Capital Co. has a 12 month low of $12.99 and a 12 month high of $16.91. The stock has a 50 day moving average of $15.03 and a 200-day moving average of $15.51. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $5.74 billion, a P/E ratio of 7.43 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $396.76 million for the quarter, compared to the consensus estimate of $388.84 million. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. As a group, equities research analysts predict that Blue Owl Capital Co. will post 1.93 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued 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 1.63%. The ex-dividend date is Monday, September 30th. Blue Owl Capital’s dividend payout ratio is currently 74.75%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

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

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.