Wealth Enhancement Advisory Services LLC Grows Stake in Blue Owl Capital Corporation (NYSE:OBDC)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 13.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,977 shares of the company’s stock after buying an additional 6,350 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Blue Owl Capital were worth $777,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OBDC. Tower Research Capital LLC TRC lifted its holdings in Blue Owl Capital by 9.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company’s stock worth $197,000 after buying an additional 1,083 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Blue Owl Capital by 10.8% in the 4th quarter. Baird Financial Group Inc. now owns 14,555 shares of the company’s stock valued at $220,000 after purchasing an additional 1,422 shares during the period. Anchor Investment Management LLC boosted its position in shares of Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock valued at $45,000 after purchasing an additional 1,500 shares in the last quarter. Strategies Wealth Advisors LLC grew its stake in Blue Owl Capital by 5.0% in the fourth quarter. Strategies Wealth Advisors LLC now owns 32,485 shares of the company’s stock worth $490,000 after purchasing an additional 1,550 shares during the period. Finally, Insigneo Advisory Services LLC grew its stake in Blue Owl Capital by 3.3% in the fourth quarter. Insigneo Advisory Services LLC now owns 49,927 shares of the company’s stock worth $755,000 after purchasing an additional 1,615 shares during the period. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $14.54 on Friday. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 9.38 and a beta of 0.72. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.13 and a current ratio of 1.13. Blue Owl Capital Corporation has a one year low of $12.11 and a one year high of $15.87. The company’s 50-day moving average is $14.41 and its 200 day moving average is $14.64.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The firm had revenue of $464.65 million for the quarter, compared to analysts’ expectations of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. Sell-side analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a $0.01 dividend. This represents a dividend yield of 11.51%. The ex-dividend date of this dividend was Friday, May 30th. Blue Owl Capital’s dividend payout ratio is currently 95.48%.

Analyst Ratings Changes

Several brokerages have commented on OBDC. Jefferies Financial Group started coverage on Blue Owl Capital in a research report on Friday, April 11th. They set a “buy” rating and a $16.00 price objective for the company. Keefe, Bruyette & Woods lowered their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a research report on Tuesday, April 8th. B. Riley started coverage on shares of Blue Owl Capital in a research note on Tuesday, May 13th. They set a “buy” rating and a $15.00 price objective on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Finally, Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $15.64.

Insider Activity

In other Blue Owl Capital news, Director Victor Woolridge acquired 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the acquisition, the director owned 28,191 shares of the company’s stock, valued at $407,359.95. This represents a 32.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.11% of the stock is currently owned by insiders.

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.