Arkadios Wealth Advisors Grows Stake in Blue Owl Capital Co. (NYSE:OBDC)

Arkadios Wealth Advisors raised its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 17.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,755 shares of the company’s stock after purchasing an additional 4,200 shares during the period. Arkadios Wealth Advisors’ holdings in Blue Owl Capital were worth $404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. National Bank of Canada FI purchased a new position in shares of Blue Owl Capital during the 2nd quarter worth about $26,000. CWM LLC boosted its position in shares of Blue Owl Capital by 98.6% during the second quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after buying an additional 1,032 shares during the period. Headlands Technologies LLC bought a new position in shares of Blue Owl Capital during the first quarter valued at approximately $40,000. Retirement Group LLC raised its holdings in shares of Blue Owl Capital by 216.8% in 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 period. Finally, Rothschild Investment LLC purchased a new position in Blue Owl Capital during the 2nd quarter valued at $61,000. 42.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Edward H. Dalelio purchased 2,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Truist Financial reduced their target price on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Keefe, Bruyette & Woods decreased their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a report on Tuesday, August 20th. Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Raymond James cut Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Blue Owl Capital Stock Up 0.3 %

Blue Owl Capital stock opened at $15.13 on Thursday. Blue Owl Capital Co. has a twelve month low of $13.15 and a twelve month high of $16.91. The business has a fifty day moving average of $14.90 and a two-hundred day moving average of $15.43. The firm has a market cap of $5.90 billion, a P/E ratio of 8.45 and a beta of 0.87. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share 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 firm had revenue of $396.76 million during the quarter, compared to analysts’ expectations of $388.84 million. On average, analysts forecast that Blue Owl Capital Co. will post 1.91 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s payout ratio is presently 82.68%.

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.