Amplius Wealth Advisors LLC Trims Stake in Blue Owl Capital Co. (NYSE:OBDC)

Amplius Wealth Advisors LLC decreased its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,985 shares of the company’s stock after selling 3,826 shares during the period. Amplius Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $583,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Grove Bank & Trust acquired a new stake in shares of Blue Owl Capital during the third quarter valued at $932,000. Redhawk Wealth Advisors Inc. lifted its holdings in Blue Owl Capital by 9.0% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 48,173 shares of the company’s stock valued at $702,000 after purchasing an additional 3,961 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Blue Owl Capital by 4.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,842,258 shares of the company’s stock valued at $41,412,000 after purchasing an additional 130,181 shares in the last quarter. First Affirmative Financial Network boosted its stake in shares of Blue Owl Capital by 8.5% during the 3rd quarter. First Affirmative Financial Network now owns 21,068 shares of the company’s stock worth $307,000 after purchasing an additional 1,644 shares during the last quarter. Finally, Strategies Wealth Advisors LLC grew its holdings in shares of Blue Owl Capital by 9.4% during the third quarter. Strategies Wealth Advisors LLC now owns 30,935 shares of the company’s stock worth $451,000 after buying an additional 2,670 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC opened at $15.13 on Thursday. The business has a 50-day moving average of $14.77 and a two-hundred day moving average of $15.45. The firm has a market capitalization of $5.90 billion, a PE 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. Blue Owl Capital Co. has a 12 month low of $12.99 and a 12 month 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 net margin of 43.61% and a return on equity of 12.66%. The firm had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. As a group, research analysts forecast that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s dividend payout ratio (DPR) is currently 74.75%.

Insider Activity at Blue Owl Capital

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

Analyst Ratings Changes

OBDC has been the topic of several recent analyst reports. Truist Financial reduced their price objective on shares of 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. Wells Fargo & Company reduced their price target on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Keefe, Bruyette & Woods reduced their target price 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. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned 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 price target of $15.94.

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.