Kovack Advisors Inc. Acquires New Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Kovack Advisors Inc. acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 39,049 shares of the company’s stock, valued at approximately $576,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mackenzie Financial Corp bought a new position in Blue Owl Capital during the fourth quarter valued at approximately $795,000. Koshinski Asset Management Inc. acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $1,170,000. Tectonic Advisors LLC acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $5,417,000. Raymond James Financial Services Advisors Inc. acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $9,894,000. Finally, Brookstone Capital Management acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $1,473,000. Institutional investors own 42.83% of the company’s stock.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 3,000 shares of the firm’s stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of $15.07 per share, for a total transaction of $45,210.00. Following the completion of the purchase, the director now directly owns 6,217 shares of the company’s stock, valued at $93,690.19. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Blue Owl Capital Trading Up 1.1 %

Shares of Blue Owl Capital stock opened at $15.93 on Friday. The company’s fifty day simple moving average is $15.32 and its 200-day simple moving average is $14.81. The company has a market cap of $6.21 billion, a price-to-earnings ratio of 7.85 and a beta of 0.91. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 1.18. Blue Owl Capital Co. has a 1 year low of $12.20 and a 1 year high of $15.95.

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

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a yield of 2.01%. Blue Owl Capital’s dividend payout ratio is currently 68.97%.

Wall Street Analyst Weigh In

OBDC has been the topic of several analyst reports. B. Riley downgraded Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price target on the stock. in a report on Monday, January 8th. JMP Securities reiterated a “market outperform” rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Tuesday, March 26th. Finally, Wells Fargo & Company increased their price target on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.50.

About Blue Owl Capital

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.