Kingswood Wealth Advisors LLC Has $3.92 Million Stake in Blue Owl Capital Co. (NYSE:OBDC)

Kingswood Wealth Advisors LLC boosted its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 89.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 258,931 shares of the company’s stock after purchasing an additional 121,947 shares during the period. Kingswood Wealth Advisors LLC owned about 0.07% of Blue Owl Capital worth $3,915,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Icon Wealth Advisors LLC grew its stake in shares of Blue Owl Capital by 3,524.0% in the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock valued at $8,448,000 after buying an additional 563,800 shares in the last quarter. Van ECK Associates Corp grew its position in Blue Owl Capital by 4.9% in the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after acquiring an additional 347,155 shares in the last quarter. Trinity Financial Advisors LLC grew its position in Blue Owl Capital by 32.3% in the third quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock worth $12,471,000 after acquiring an additional 215,742 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock valued at $45,727,000 after purchasing an additional 182,002 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Blue Owl Capital during the 2nd quarter valued at $2,667,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Up 0.6 %

Shares of OBDC stock opened at $14.88 on Monday. The stock has a 50 day moving average of $15.12 and a 200-day moving average of $15.01. The firm has a market cap of $5.80 billion, a PE ratio of 9.24 and a beta of 0.84. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. The company had revenue of $406.03 million during the quarter, compared to the consensus estimate of $399.85 million. During the same period last year, the company earned $0.49 earnings per share. On average, equities analysts predict that Blue Owl Capital Co. will post 1.89 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 9.95%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, December 31st. Blue Owl Capital’s payout ratio is currently 91.93%.

Analysts Set New Price Targets

Several equities analysts have commented on OBDC shares. Wells Fargo & Company increased 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 report on Tuesday, October 29th. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.92.

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.