Blue Owl Capital Co. (NYSE:OBDC) is Sound Income Strategies LLC’s 5th Largest Position

Sound Income Strategies LLC boosted its stake in Blue Owl Capital Co. (NYSE:OBDC) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,024,260 shares of the company’s stock after acquiring an additional 182,002 shares during the period. Blue Owl Capital accounts for 2.8% of Sound Income Strategies LLC’s portfolio, making the stock its 5th largest position. Sound Income Strategies LLC owned approximately 0.78% of Blue Owl Capital worth $45,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in OBDC. Amplius Wealth Advisors LLC lifted its stake in Blue Owl Capital by 1.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock worth $615,000 after purchasing an additional 702 shares during the last quarter. Channel Wealth LLC lifted its position in shares of Blue Owl Capital by 1.9% in the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock worth $673,000 after buying an additional 823 shares during the last quarter. Gilbert & Cook Inc. boosted its holdings in shares of Blue Owl Capital by 3.5% in the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company’s stock valued at $427,000 after buying an additional 1,000 shares during the period. Insigneo Advisory Services LLC grew its position in shares of Blue Owl Capital by 1.7% during the 2nd quarter. Insigneo Advisory Services LLC now owns 67,588 shares of the company’s stock valued at $978,000 after buying an additional 1,104 shares during the last quarter. Finally, nVerses Capital LLC raised its stake in Blue Owl Capital by 19.8% during the third quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after acquiring an additional 1,600 shares during the period. 42.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on OBDC shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. Keefe, Bruyette & Woods restated an “underperform” rating and set a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Finally, Wells Fargo & Company raised their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $15.92.

Blue Owl Capital Stock Up 0.2 %

Shares of Blue Owl Capital stock opened at $14.80 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The business’s fifty day moving average price is $15.12 and its two-hundred day moving average price is $15.02. The company has a market capitalization of $5.77 billion, a P/E ratio of 9.19 and a beta of 0.84.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $406.03 million for the quarter, compared to the consensus estimate of $399.85 million. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.59%. During the same quarter in the prior year, the firm earned $0.49 earnings per share. As a group, research analysts forecast that Blue Owl Capital Co. will post 1.89 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 10.00%. Blue Owl Capital’s dividend payout ratio (DPR) is 91.93%.

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.