Arkadios Wealth Advisors Has $4.97 Million Stock Holdings in Blue Owl Capital Corporation $OBDC

Arkadios Wealth Advisors increased its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 144.9% during the third quarter, Holdings Channel.com reports. The fund owned 389,245 shares of the company’s stock after purchasing an additional 230,295 shares during the quarter. Arkadios Wealth Advisors’ holdings in Blue Owl Capital were worth $4,971,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OBDC. First Horizon Advisors Inc. acquired a new position in Blue Owl Capital in the second quarter valued at about $40,000. Private Trust Co. NA increased its holdings in shares of Blue Owl Capital by 86.6% during the second quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock worth $45,000 after buying an additional 1,449 shares in the last quarter. Allworth Financial LP raised its position in Blue Owl Capital by 24,533.3% in the second quarter. Allworth Financial LP now owns 3,695 shares of the company’s stock valued at $53,000 after purchasing an additional 3,680 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Blue Owl Capital by 106.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock worth $125,000 after buying an additional 4,494 shares during the period. Finally, BBR Partners LLC acquired a new position in shares of Blue Owl Capital during the second quarter worth $148,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on OBDC shares. Citizens Jmp decreased their target price on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Keefe, Bruyette & Woods reduced their price objective on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a report on Monday, November 10th. Wells Fargo & Company decreased their price target on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Friday, November 7th. Finally, Royal Bank Of Canada decreased their price objective on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.56.

Insider Activity

In related news, VP Neena Reddy purchased 7,890 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average price of $13.06 per share, with a total value of $103,043.40. Following the acquisition, the vice president directly owned 7,890 shares of the company’s stock, valued at approximately $103,043.40. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Craig Packer purchased 83,200 shares of the stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of $11.75 per share, for a total transaction of $977,600.00. Following the transaction, the chief executive officer directly owned 41,600 shares of the company’s stock, valued at approximately $488,800. This represents a -200.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.11% of the stock is owned by insiders.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $12.43 on Wednesday. The firm has a market cap of $6.35 billion, a P/E ratio of 8.81 and a beta of 0.67. The company’s 50 day moving average is $12.70 and its 200-day moving average is $13.36. Blue Owl Capital Corporation has a 12-month low of $11.65 and a 12-month high of $15.73. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. The company had revenue of $453.07 million during the quarter, compared to analysts’ expectations of $466.81 million. Sell-side analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend was Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 104.96%.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.