Accurate Wealth Management LLC Invests $377,000 in Blue Owl Capital Co. (NYSE:OBDC)

Accurate Wealth Management LLC acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 25,706 shares of the company's stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after purchasing an additional 1,083 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Blue Owl Capital by 7.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after purchasing an additional 174,759 shares in the last quarter. Wells Fargo & Company MN grew its stake in Blue Owl Capital by 17.7% in the fourth 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 in the last quarter. Ameriprise Financial Inc. raised its stake in Blue Owl Capital by 5.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock valued at $72,361,000 after buying an additional 236,467 shares in the last quarter. Finally, Carmel Capital Partners LLC raised its position in shares of Blue Owl Capital by 12.6% during the 4th quarter. Carmel Capital Partners LLC now owns 170,987 shares of the company's stock valued at $2,585,000 after acquiring an additional 19,108 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded down $0.09 during trading hours on Thursday, hitting $14.66. 716,073 shares of the company's stock traded hands, compared to its average volume of 2,614,250. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 9.58 and a beta of 0.73. Blue Owl Capital Co. has a 52 week low of $12.11 and a 52 week high of $16.10. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The company's fifty day simple moving average is $14.08 and its two-hundred day simple moving average is $14.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS 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 the consensus estimate of $457.88 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. As a group, equities analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be paid a dividend of $0.01 per share. This represents a yield of 11.51%. The ex-dividend date of this dividend is Friday, May 30th. Blue Owl Capital's dividend payout ratio is 95.48%.

Wall Street Analyst Weigh In

Several research firms have weighed in on OBDC. Royal Bank of Canada reiterated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Keefe, Bruyette & Woods dropped their price objective on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their target price on 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. B. Riley assumed coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective for the company. Finally, Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $15.64.

Insiders Place Their Bets

In related news, Director Victor Woolridge purchased 6,915 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price 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. This trade represents a 32.50% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company's stock.

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.