Kovack Advisors Inc. Reduces Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Kovack Advisors Inc. reduced its stake in Blue Owl Capital Co. (NYSE:OBDC) by 19.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 25,424 shares of the company’s stock after selling 5,977 shares during the period. Kovack Advisors Inc.’s holdings in Blue Owl Capital were worth $384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Van ECK Associates Corp grew its stake in Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after purchasing an additional 347,155 shares during the last quarter. Stephens Inc. AR boosted its position in Blue Owl Capital by 3.3% in the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock valued at $50,294,000 after buying an additional 106,722 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Blue Owl Capital by 6.4% in the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after buying an additional 182,002 shares during the period. Sage Advisors LLC increased its holdings in Blue Owl Capital by 3.9% in the 4th quarter. Sage Advisors LLC now owns 2,075,330 shares of the company’s stock worth $31,379,000 after buying an additional 78,403 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Blue Owl Capital by 1.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 1,763,169 shares of the company’s stock worth $26,659,000 after buying an additional 24,425 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Blue Owl Capital Stock Up 1.8 %

OBDC opened at $15.45 on Friday. The company has a fifty day moving average of $15.13 and a two-hundred day moving average of $15.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 10.10 and a beta of 0.83.

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

Blue Owl Capital Announces Dividend

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 dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.29%. Blue Owl Capital’s dividend payout ratio (DPR) is 96.73%.

Blue Owl Capital 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.