Demars Financial Group LLC Lowers Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Demars Financial Group LLC reduced its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 452,774 shares of the company’s stock after selling 5,891 shares during the quarter. Demars Financial Group LLC owned 0.09% of Blue Owl Capital worth $6,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of OBDC. Csenge Advisory Group boosted its position in Blue Owl Capital by 2.6% in the fourth quarter. Csenge Advisory Group now owns 55,064 shares of the company’s stock worth $833,000 after purchasing an additional 1,373 shares during the last quarter. Sanctuary Advisors LLC boosted its position in Blue Owl Capital by 57.2% in the fourth quarter. Sanctuary Advisors LLC now owns 275,503 shares of the company’s stock worth $4,146,000 after purchasing an additional 100,198 shares during the last quarter. Truist Financial Corp boosted its position in Blue Owl Capital by 8.1% in the fourth quarter. Truist Financial Corp now owns 71,999 shares of the company’s stock worth $1,089,000 after purchasing an additional 5,381 shares during the last quarter. D.A. Davidson & CO. boosted its position in Blue Owl Capital by 3.1% in the fourth quarter. D.A. Davidson & CO. now owns 377,811 shares of the company’s stock worth $5,713,000 after purchasing an additional 11,270 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in Blue Owl Capital in the fourth quarter worth about $77,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OBDC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lowered their price objective on Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating on the stock in a research report on Tuesday, April 8th. B. Riley initiated coverage on Blue Owl Capital in a research report 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 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Finally, Jefferies Financial Group initiated coverage on Blue Owl Capital in a research report on Friday, April 11th. They set a “buy” rating and a $16.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $15.64.

Insider Activity

In related news, Director Victor Woolridge bought 6,915 shares of the company’s stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $14.45 per share, with a total value of $99,921.75. Following the completion of the acquisition, the director now directly owns 28,191 shares in the company, valued at approximately $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.11% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $14.48 on Tuesday. Blue Owl Capital Co. has a twelve month low of $12.11 and a twelve month high of $15.98. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 9.46 and a beta of 0.73. The stock has a fifty day simple moving average of $14.20 and a two-hundred day simple moving average of $14.71. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25.

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

Blue Owl Capital Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $0.01 per share. This represents a 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%.

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.