Blue Owl Capital Co. (NYSE:OBDC) Stock Holdings Trimmed by Avantax Planning Partners Inc.

Avantax Planning Partners Inc. decreased its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 78,388 shares of the company’s stock after selling 2,242 shares during the quarter. Avantax Planning Partners Inc.’s holdings in Blue Owl Capital were worth $1,185,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Atria Wealth Solutions Inc. grew its position in Blue Owl Capital by 1.1% in the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock valued at $1,014,000 after buying an additional 685 shares in the last quarter. Amplius Wealth Advisors LLC boosted its holdings in shares of Blue Owl Capital by 1.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock valued at $615,000 after acquiring an additional 702 shares in the last quarter. Channel Wealth LLC increased its stake in shares of Blue Owl Capital by 1.9% during the fourth quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock valued at $673,000 after acquiring an additional 823 shares during the period. Gilbert & Cook Inc. raised its holdings in Blue Owl Capital by 3.5% during the third quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company’s stock worth $427,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Blue Owl Capital by 9.5% in the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock worth $222,000 after purchasing an additional 1,321 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $16.08.

Blue Owl Capital Trading Down 1.9 %

Shares of OBDC opened at $14.50 on Wednesday. The business’s 50-day moving average price is $15.07 and its 200 day moving average price is $15.04. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $7.40 billion, a P/E ratio of 9.47 and a beta of 0.85. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-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 for the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. Analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.38%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 96.73%.

Insider Buying and Selling

In other news, Director Chris Temple bought 15,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $14.80 per share, with a total value of $222,000.00. Following the transaction, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.12% of the company’s stock.

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.