SPC Financial Inc. Purchases New Position in Blue Owl Capital Co. (NYSE:OBDC)

SPC Financial Inc. acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,240 shares of the company’s stock, valued at approximately $149,000.

Other large investors have also recently bought and sold shares of the company. Atomi Financial Group Inc. increased its position in shares of Blue Owl Capital by 5.5% in the 1st quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company’s stock valued at $215,000 after buying an additional 733 shares in the last quarter. Strategies Wealth Advisors LLC increased its holdings in shares of Blue Owl Capital by 2.7% in the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock worth $434,000 after acquiring an additional 745 shares in the last quarter. Intellectus Partners LLC raised its position in shares of Blue Owl Capital by 0.7% during the second quarter. Intellectus Partners LLC now owns 120,846 shares of the company’s stock worth $1,901,000 after purchasing an additional 809 shares during the period. Redhawk Wealth Advisors Inc. lifted its holdings in shares of Blue Owl Capital by 2.0% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company’s stock valued at $679,000 after purchasing an additional 881 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its position in shares of Blue Owl Capital by 3.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company’s stock valued at $381,000 after purchasing an additional 910 shares during the period. Institutional investors own 42.83% of the company’s stock.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of the firm’s stock in a transaction that occurred 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 acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Truist Financial dropped 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 report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company reduced their price objective on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $15.94.

Blue Owl Capital Stock Performance

OBDC opened at $15.13 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.84. The business’s 50-day simple moving average is $14.78 and its 200 day simple moving average is $15.45. The firm has a market capitalization of $5.90 billion, a PE ratio of 7.64 and a beta of 0.87. Blue Owl Capital Co. has a 52-week low of $12.99 and a 52-week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $396.76 million during the quarter, compared to analysts’ expectations of $388.84 million. As a group, sell-side analysts expect 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 announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.06 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.59%. The ex-dividend date was Monday, September 30th. Blue Owl Capital’s dividend payout ratio (DPR) is 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.