Redhawk Wealth Advisors Inc. Increases Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Redhawk Wealth Advisors Inc. boosted its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 38.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,242 shares of the company's stock after purchasing an additional 17,378 shares during the quarter. Redhawk Wealth Advisors Inc.'s holdings in Blue Owl Capital were worth $912,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Accurate Wealth Management LLC bought a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $377,000. Epiq Partners LLC raised its stake in Blue Owl Capital by 10.5% during the first quarter. Epiq Partners LLC now owns 453,368 shares of the company's stock worth $6,646,000 after acquiring an additional 43,138 shares in the last quarter. SeaCrest Wealth Management LLC raised its stake in Blue Owl Capital by 12.8% during the first quarter. SeaCrest Wealth Management LLC now owns 123,721 shares of the company's stock worth $1,814,000 after acquiring an additional 14,037 shares in the last quarter. Intellectus Partners LLC increased its stake in shares of Blue Owl Capital by 4.0% in the first quarter. Intellectus Partners LLC now owns 178,121 shares of the company's stock valued at $2,677,000 after buying an additional 6,830 shares in the last quarter. Finally, Amplius Wealth Advisors LLC increased its stake in shares of Blue Owl Capital by 8.0% in the first quarter. Amplius Wealth Advisors LLC now owns 43,949 shares of the company's stock valued at $644,000 after buying an additional 3,262 shares in the last quarter. Institutional investors own 42.83% of the company's stock.

Wall Street Analysts Forecast Growth

OBDC has been the subject of several recent research reports. B. Riley initiated coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective for the company. Jefferies Financial Group started coverage on Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective for the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 15th. Keefe, Bruyette & Woods reduced their price target on 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. Finally, Wells Fargo & Company cut their price objective 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. 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's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $15.64.

Blue Owl Capital Price Performance

NYSE:OBDC traded down $0.17 during trading hours on Friday, hitting $14.59. The company's stock had a trading volume of 1,495,805 shares, compared to its average volume of 2,626,392. The stock has a fifty day simple moving average of $14.16 and a 200-day simple moving average of $14.71. The company has a market capitalization of $7.45 billion, a P/E ratio of 9.53 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 twelve month low of $12.11 and a twelve month high of $15.98.

Blue Owl Capital (NYSE:OBDC - Get Free Report) 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 business had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

Insider Activity

In other Blue Owl Capital news, Director Victor Woolridge bought 6,915 shares of the stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the acquisition, the director now owns 28,191 shares in the company, valued at $407,359.95. This trade represents a 32.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.11% of the company's stock.

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.