Tradition Wealth Management LLC Grows Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Tradition Wealth Management LLC grew its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 197,910 shares of the company's stock after acquiring an additional 65,969 shares during the period. Tradition Wealth Management LLC owned about 0.05% of Blue Owl Capital worth $2,992,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Sound Income Strategies LLC raised its position in Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after purchasing an additional 182,002 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Blue Owl Capital by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock worth $36,843,000 after acquiring an additional 174,759 shares during the period. Franklin Resources Inc. boosted its holdings in Blue Owl Capital by 11.2% in the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock valued at $11,116,000 after acquiring an additional 74,959 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Blue Owl Capital during the 4th quarter valued at $814,000. Finally, Wells Fargo & Company MN lifted its position in shares of Blue Owl Capital by 17.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,065,947 shares of the company's stock worth $16,117,000 after purchasing an additional 159,946 shares during the period. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Blue Owl Capital

In related news, Director Chris Temple bought 15,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $14.80 per share, with a total value of $222,000.00. Following the completion of the purchase, the director now owns 51,000 shares of the company's stock, valued at approximately $754,800. The trade was a 41.67 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on OBDC. Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Wells Fargo & Company upgraded Blue Owl Capital from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $14.00 to $15.00 in a research report on Monday, March 17th. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 target price on the stock. Finally, Keefe, Bruyette & Woods decreased 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 note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average price target of $16.21.

Blue Owl Capital Stock Up 0.3 %

Blue Owl Capital stock traded up $0.05 during mid-day trading on Friday, reaching $14.30. The stock had a trading volume of 923,966 shares, compared to its average volume of 2,552,818. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 9.34 and a beta of 0.73. 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 Co. has a one year low of $12.11 and a one year high of $16.91. The company has a 50-day moving average price of $14.48 and a two-hundred day moving average price of $14.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The firm had revenue of $394.39 million for the quarter, compared to analysts' expectations of $395.24 million. On average, analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.05 per share. The ex-dividend date was Monday, March 31st. This represents a $0.20 annualized dividend and a dividend yield of 1.40%. Blue Owl Capital's payout ratio 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.