Redhawk Wealth Advisors Inc. Grows Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Redhawk Wealth Advisors Inc. boosted its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 9.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 48,173 shares of the company’s stock after buying an additional 3,961 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in Blue Owl Capital were worth $702,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of OBDC. Goldman Sachs Group Inc. bought a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $16,207,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Blue Owl Capital during the first quarter valued at $1,311,000. Epiq Partners LLC bought a new position in shares of Blue Owl Capital in the first quarter worth about $4,123,000. Sound Income Strategies LLC increased its stake in Blue Owl Capital by 5.8% in the 1st quarter. Sound Income Strategies LLC now owns 2,603,592 shares of the company’s stock worth $40,043,000 after buying an additional 143,520 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in Blue Owl Capital by 154.4% during the 1st quarter. Cetera Investment Advisers now owns 111,707 shares of the company’s stock valued at $1,718,000 after buying an additional 67,799 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Up 0.8 %

Shares of Blue Owl Capital stock opened at $14.98 on Tuesday. Blue Owl Capital Co. has a 1 year low of $12.99 and a 1 year high of $16.91. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market cap of $5.84 billion, a PE ratio of 7.56 and a beta of 0.87. The firm has a fifty day moving average price of $14.76 and a 200 day moving average price of $15.45.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The firm had revenue of $396.76 million for the quarter, compared to analysts’ expectations of $388.84 million. Equities research analysts predict that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.60%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s dividend payout ratio is presently 74.75%.

Insider Activity

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of the stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $15.02 per share, with a total value of $37,550.00. Following the purchase, the director now directly owns 9,016 shares in the company, valued at $135,420.32. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research note on Tuesday, August 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Monday, August 12th. Wells Fargo & Company cut their price target on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Finally, Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.94.

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.