Axxcess Wealth Management LLC Invests $353,000 in Blue Owl Capital Co. (NYSE:OBDC)

Axxcess Wealth Management LLC acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 23,891 shares of the company’s stock, valued at approximately $353,000.

Other hedge funds have also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC purchased a new position in Blue Owl Capital in the fourth quarter worth $41,000. CVA Family Office LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at $61,000. Register Financial Advisors LLC bought a new position in Blue Owl Capital in the 4th quarter worth about $64,000. Parkside Financial Bank & Trust purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth about $66,000. Finally, Bourgeon Capital Management LLC purchased a new position in Blue Owl Capital during the fourth quarter valued at approximately $70,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Edward H. Dalelio acquired 3,000 shares of the stock in a transaction on Tuesday, March 5th. The stock was acquired at an average price of $15.07 per share, with a total value of $45,210.00. Following the completion of the transaction, the director now owns 6,217 shares of the company’s stock, valued at approximately $93,690.19. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JMP Securities reiterated a “market outperform” rating and issued a $16.00 target price on shares of Blue Owl Capital in a research note on Tuesday, March 26th. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research note on Monday, January 29th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Hold” and an average price target of $15.50.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $16.33 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 1.60. The firm has a fifty day moving average of $15.49 and a 200 day moving average of $14.96. Blue Owl Capital Co. has a 52-week low of $12.49 and a 52-week high of $16.42. The firm has a market capitalization of $6.36 billion, a PE ratio of 8.04 and a beta of 0.88.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $411.23 million for the quarter, compared to analysts’ expectations 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, research analysts anticipate that Blue Owl Capital Co. will post 1.9 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 68.97%.

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.