Kingswood Wealth Advisors LLC Acquires 121,947 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Kingswood Wealth Advisors LLC boosted its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 89.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 258,931 shares of the company’s stock after acquiring an additional 121,947 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $3,915,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fifth Third Bancorp grew its holdings in shares of Blue Owl Capital by 192.2% in the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after purchasing an additional 1,922 shares during the last quarter. National Bank of Canada FI grew its stake in Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares during the last quarter. Westend Capital Management LLC increased its holdings in shares of Blue Owl Capital by 58.8% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares in the last quarter. nVerses Capital LLC raised its stake in shares of Blue Owl Capital by 19.8% in the third quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock valued at $141,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Quad Cities Investment Group LLC bought a new stake in Blue Owl Capital during the 3rd quarter worth approximately $148,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analysts Set New Price Targets

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

Blue Owl Capital Price Performance

OBDC opened at $14.88 on Monday. The company has a fifty day moving average price of $15.12 and a two-hundred day moving average price of $15.01. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $5.80 billion, a PE ratio of 9.24 and a beta of 0.84. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). The company had revenue of $406.03 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.49 EPS. As a group, analysts anticipate that Blue Owl Capital Co. will post 1.89 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 9.95%. The ex-dividend date was Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio is presently 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.