Northeast Financial Consultants Inc Buys 97,584 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Northeast Financial Consultants Inc increased its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 541.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 115,600 shares of the company’s stock after acquiring an additional 97,584 shares during the quarter. Northeast Financial Consultants Inc’s holdings in Blue Owl Capital were worth $1,748,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of OBDC. Atria Wealth Solutions Inc. raised its stake in Blue Owl Capital by 1.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock worth $1,014,000 after purchasing an additional 685 shares during the period. Amplius Wealth Advisors LLC grew its position in Blue Owl Capital by 1.8% in the 4th 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 lifted its position 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 worth $673,000 after purchasing an additional 823 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 valued at $197,000 after purchasing an additional 1,083 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Blue Owl Capital by 9.5% in the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock valued at $222,000 after purchasing an additional 1,321 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Chris Temple acquired 15,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This represents a 41.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on OBDC. 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 report on Tuesday, April 8th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Jefferies Financial Group initiated coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They issued a “buy” rating and a $16.00 price target on the stock. Finally, B. Riley assumed coverage on Blue Owl Capital in a research note on Tuesday. They set a “buy” rating and a $15.00 price target on the stock. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $15.64.

Blue Owl Capital Stock Up 1.5%

Blue Owl Capital stock opened at $14.58 on Wednesday. The company has a market cap of $7.45 billion, a PE ratio of 9.53 and a beta of 0.71. Blue Owl Capital Co. has a 1-year low of $12.11 and a 1-year high of $16.91. The stock’s 50 day moving average price is $14.16 and its 200 day moving average price is $14.78. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $464.65 million during the quarter, compared to analysts’ expectations of $457.88 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, sell-side analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.15%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, June 30th. Blue Owl Capital’s dividend payout ratio (DPR) is 95.48%.

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.