Blue Owl Capital Co. (NYSE:OBDC) Shares Purchased by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc lifted its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 541.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,600 shares of the company's stock after purchasing an additional 97,584 shares during the period. Northeast Financial Consultants Inc's holdings in Blue Owl Capital were worth $1,748,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brookstone Capital Management raised its stake in Blue Owl Capital by 13.4% in the fourth quarter. Brookstone Capital Management now owns 99,820 shares of the company's stock valued at $1,509,000 after buying an additional 11,813 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $814,000. SeaCrest Wealth Management LLC lifted its holdings in shares of Blue Owl Capital by 18.8% in the 4th quarter. SeaCrest Wealth Management LLC now owns 109,684 shares of the company's stock valued at $1,658,000 after purchasing an additional 17,395 shares during the last quarter. Mirador Capital Partners LP lifted its holdings in shares of Blue Owl Capital by 7.7% in the 4th quarter. Mirador Capital Partners LP now owns 30,474 shares of the company's stock valued at $461,000 after purchasing an additional 2,187 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of Blue Owl Capital by 58.5% in the 4th quarter. Ritholtz Wealth Management now owns 37,698 shares of the company's stock valued at $570,000 after purchasing an additional 13,921 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Blue Owl Capital

In related news, Director Chris Temple bought 15,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. This represents a 41.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.11% of the stock is owned by insiders.

Blue Owl Capital Price Performance

NYSE OBDC traded up $0.12 during mid-day trading on Friday, hitting $14.72. The stock had a trading volume of 2,425,197 shares, compared to its average volume of 2,588,353. Blue Owl Capital Co. has a 52-week low of $12.11 and a 52-week high of $16.91. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 9.62 and a beta of 0.71. The company has a 50 day simple moving average of $14.16 and a 200 day simple moving average of $14.77. 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. The business had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. Equities analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.37 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.06%. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.05. Blue Owl Capital's dividend payout ratio (DPR) is presently 95.48%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Thursday. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Jefferies Financial Group began coverage on Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price target on the stock. JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods dropped 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 research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $15.64.

About Blue Owl Capital

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.