WESPAC Advisors LLC Has $1.72 Million Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

WESPAC Advisors LLC boosted its stake in Blue Owl Capital Co. (NYSE:OBDC) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 113,962 shares of the company’s stock after buying an additional 6,576 shares during the quarter. Blue Owl Capital makes up 1.3% of WESPAC Advisors LLC’s investment portfolio, making the stock its 16th largest holding. WESPAC Advisors LLC’s holdings in Blue Owl Capital were worth $1,723,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp increased its stake in shares of Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after purchasing an additional 1,922 shares during the last quarter. National Bank of Canada FI increased its holdings in Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after acquiring an additional 2,460 shares during the period. Westend Capital Management LLC raised its position in shares of Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter worth about $77,000. Finally, Balboa Wealth Partners purchased a new position in Blue Owl Capital in the 3rd quarter worth approximately $169,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

OBDC has been the subject of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Wells Fargo & Company increased their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $16.08.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $15.44 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The stock has a 50 day moving average price of $15.11 and a 200-day moving average price of $14.99. The stock has a market cap of $6.02 billion, a price-to-earnings ratio of 10.09 and a beta of 0.83. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.01. The business had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. Equities analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, February 28th. Blue Owl Capital’s payout ratio is 96.73%.

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.