Salem Investment Counselors Inc. Has $5.48 Million Position in Blue Owl Capital Co. (NYSE:OBDC)

Salem Investment Counselors Inc. raised its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 373,320 shares of the company's stock after acquiring an additional 43,345 shares during the quarter. Salem Investment Counselors Inc. owned approximately 0.07% of Blue Owl Capital worth $5,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Trinity Financial Advisors LLC grew its stake in shares of Blue Owl Capital by 14.9% in the 1st quarter. Trinity Financial Advisors LLC now owns 1,086,128 shares of the company's stock valued at $16,323,000 after buying an additional 140,839 shares in the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of Blue Owl Capital by 38.7% in the 1st quarter. Redhawk Wealth Advisors Inc. now owns 62,242 shares of the company's stock valued at $912,000 after buying an additional 17,378 shares in the last quarter. Accurate Wealth Management LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter valued at approximately $377,000. Epiq Partners LLC grew its stake in shares of Blue Owl Capital by 10.5% in the 1st quarter. Epiq Partners LLC now owns 453,368 shares of the company's stock valued at $6,646,000 after buying an additional 43,138 shares in the last quarter. Finally, SeaCrest Wealth Management LLC grew its stake in shares of Blue Owl Capital by 12.8% in the 1st quarter. SeaCrest Wealth Management LLC now owns 123,721 shares of the company's stock valued at $1,814,000 after buying an additional 14,037 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC traded down $0.17 during trading hours on Friday, reaching $14.59. The stock had a trading volume of 1,495,805 shares, compared to its average volume of 2,622,190. The business's fifty day moving average is $14.16 and its two-hundred day moving average is $14.72. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The company has a market cap of $7.45 billion, a price-to-earnings ratio of 9.53 and a beta of 0.73. 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 issued its earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm 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%. As a group, research analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

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

Insider Activity at Blue Owl Capital

In related news, Director Victor Woolridge acquired 6,915 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was purchased at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the purchase, the director now directly owns 28,191 shares of the company's stock, valued at $407,359.95. The trade was a 32.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OBDC shares. B. Riley started coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price target for the company. 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. Keefe, Bruyette & Woods decreased their target price 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Finally, Wells Fargo & Company decreased their target price on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, Blue Owl Capital has an average rating of "Buy" and a consensus target price of $15.64.

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.