Axxcess Wealth Management LLC Makes New $353,000 Investment in Blue Owl Capital Co. (NYSE:OBDC)

Axxcess Wealth Management LLC bought a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 23,891 shares of the company’s stock, valued at approximately $353,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. U.S. Capital Wealth Advisors LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at $585,000. LSV Asset Management bought a new stake in shares of Blue Owl Capital during the fourth quarter worth approximately $51,197,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $757,000. Trinity Financial Advisors LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth about $12,396,000. Finally, Triumph Capital Management bought a new position in Blue Owl Capital during the 4th quarter worth about $517,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insider Activity at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 3,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the completion of the transaction, the director now owns 6,217 shares of the company’s stock, valued at $93,690.19. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on OBDC. JMP Securities restated a “market outperform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Wells Fargo & Company upped their price target on Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Blue Owl Capital presently has an average rating of “Hold” and a consensus price target of $15.50.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $16.33 on Thursday. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 8.04 and a beta of 0.88. Blue Owl Capital Co. has a 52-week low of $12.49 and a 52-week high of $16.42. The firm’s fifty day moving average is $15.49 and its 200 day moving average is $14.96. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 1.18.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.03. The company had revenue of $411.23 million for the quarter, compared to the consensus estimate of $397.42 million. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. Sell-side analysts forecast that Blue Owl Capital Co. will post 1.9 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.96%. The ex-dividend date was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio is currently 68.97%.

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.