Salem Investment Counselors Inc. Increases Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Salem Investment Counselors Inc. lifted its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 13.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 373,320 shares of the company's stock after purchasing an additional 43,345 shares during the quarter. Salem Investment Counselors Inc. owned about 0.07% of Blue Owl Capital worth $5,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arcus Capital Partners LLC acquired a new stake in Blue Owl Capital during the 4th quarter worth about $396,000. Sage Advisors LLC grew its holdings in Blue Owl Capital by 3.9% during the fourth quarter. Sage Advisors LLC now owns 2,075,330 shares of the company's stock worth $31,379,000 after acquiring an additional 78,403 shares during the period. Csenge Advisory Group raised its position in Blue Owl Capital by 2.6% during the fourth quarter. Csenge Advisory Group now owns 55,064 shares of the company's stock valued at $833,000 after acquiring an additional 1,373 shares in the last quarter. Sanctuary Advisors LLC raised its position in Blue Owl Capital by 57.2% during the fourth quarter. Sanctuary Advisors LLC now owns 275,503 shares of the company's stock valued at $4,146,000 after acquiring an additional 100,198 shares in the last quarter. Finally, Truist Financial Corp lifted its holdings in Blue Owl Capital by 8.1% in the fourth quarter. Truist Financial Corp now owns 71,999 shares of the company's stock valued at $1,089,000 after acquiring an additional 5,381 shares during the period. Institutional investors and hedge funds own 42.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. Wells Fargo & Company cut their price objective on shares of 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 started coverage on shares of Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price on the stock. Jefferies Financial Group began coverage on Blue Owl Capital in a research note on Friday, April 11th. They issued a "buy" rating and a $16.00 price target for the company. Finally, Keefe, Bruyette & Woods lowered their price target 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. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $15.64.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded down $0.11 during mid-day trading on Monday, reaching $14.48. 2,030,556 shares of the stock traded hands, compared to its average volume of 3,451,607. The stock has a market capitalization of $7.40 billion, a PE ratio of 9.46 and a beta of 0.73. The business has a 50-day moving average of $14.16 and a 200 day moving average of $14.71. Blue Owl Capital Co. has a fifty-two week low of $12.11 and a fifty-two week high of $15.98. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25.

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

Blue Owl Capital Cuts Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital's payout ratio is presently 95.48%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Victor Woolridge purchased 6,915 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 28,191 shares of the company's stock, valued at approximately $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.11% of the stock is owned by insiders.

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.