Northeast Financial Consultants Inc Increases Stake in Blue Owl Capital Co. (NYSE:OBDC)

Northeast Financial Consultants Inc increased its stake in Blue Owl Capital Co. (NYSE:OBDC) by 541.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 115,600 shares of the company’s stock after buying 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.

Several other institutional investors and hedge funds have also recently bought and sold shares of OBDC. Fifth Third Bancorp grew its position in Blue Owl Capital by 192.2% during the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after acquiring an additional 1,922 shares during the period. Anchor Investment Management LLC boosted its position in Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock worth $45,000 after purchasing an additional 1,500 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of Blue Owl Capital during the fourth quarter worth about $48,000. Lazard Asset Management LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $49,000. Finally, Westend Capital Management LLC lifted its position in Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after acquiring an additional 1,784 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple purchased 15,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now owns 51,000 shares in the company, valued at $754,800. This trade represents a 41.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OBDC. B. Riley started coverage on shares of Blue Owl Capital in a report on Tuesday. They set 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 set a “buy” rating and a $16.00 price objective for the company. Royal Bank of Canada cut their target price on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Monday, May 5th. Keefe, Bruyette & Woods reduced 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 note on Tuesday, April 8th. Finally, JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.64.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $14.58 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The business has a 50 day moving average of $14.16 and a two-hundred day moving average of $14.78. The company has a market cap of $7.45 billion, a P/E ratio of 9.53 and a beta of 0.71. Blue Owl Capital Co. has a 52 week low of $12.11 and a 52 week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results 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 return on equity of 12.38% and a net margin of 37.26%. The firm had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. As a group, analysts anticipate that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.15%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 30th. Blue Owl Capital’s dividend payout ratio (DPR) is 95.48%.

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.