Onyx Bridge Wealth Group LLC Buys New Position in Blue Owl Capital Co. (NYSE:OBDC)

Onyx Bridge Wealth Group LLC bought a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 37,956 shares of the company’s stock, valued at approximately $560,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OBDC. GPS Wealth Strategies Group LLC bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $41,000. CVA Family Office LLC bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $61,000. Register Financial Advisors LLC bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $64,000. Bourgeon Capital Management LLC bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $70,000. Finally, Global Strategic Investment Solutions LLC bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $154,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on OBDC. Wells Fargo & Company raised their price target on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research note on Monday, January 29th. JMP Securities reiterated a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Finally, B. Riley downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 target price for the company. in a research note on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.50.

Blue Owl Capital Stock Performance

OBDC traded up $0.09 during trading on Friday, hitting $15.54. The stock had a trading volume of 2,232,906 shares, compared to its average volume of 1,997,581. The company has a 50 day moving average price of $15.22 and a 200-day moving average price of $14.72. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 7.66 and a beta of 0.91. Blue Owl Capital Co. has a one year low of $12.20 and a one year high of $15.83. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60.

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

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.08 dividend. The ex-dividend date was Thursday, February 29th. This represents a $0.32 annualized dividend and a yield of 2.06%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 68.97%.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio acquired 3,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The stock was purchased at an average cost of $15.07 per share, with a total value of $45,210.00. Following the acquisition, the director now directly owns 6,217 shares of the company’s stock, valued at $93,690.19. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate 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.