Cerity Partners LLC Cuts Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Cerity Partners LLC trimmed its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 23.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 256,986 shares of the company's stock after selling 79,216 shares during the quarter. Cerity Partners LLC owned approximately 0.07% of Blue Owl Capital worth $3,923,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Atria Wealth Solutions Inc. increased its stake in Blue Owl Capital by 1.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock worth $1,014,000 after purchasing an additional 685 shares during the period. Amplius Wealth Advisors LLC increased its stake in Blue Owl Capital by 1.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company's stock worth $615,000 after buying an additional 702 shares during the period. Channel Wealth LLC lifted its holdings in Blue Owl Capital by 1.9% during the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company's stock valued at $673,000 after buying an additional 823 shares in the last quarter. Blue Trust Inc. boosted its position in Blue Owl Capital by 9.5% in the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock valued at $222,000 after buying an additional 1,321 shares during the period. Finally, Csenge Advisory Group grew its stake in Blue Owl Capital by 2.6% in the 4th quarter. Csenge Advisory Group now owns 55,064 shares of the company's stock worth $833,000 after acquiring an additional 1,373 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of OBDC traded up $0.32 during mid-day trading on Friday, reaching $13.85. The company had a trading volume of 2,907,813 shares, compared to its average volume of 2,551,017. The stock has a 50 day moving average of $14.62 and a two-hundred day moving average of $14.89. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $7.08 billion, a P/E ratio of 9.05 and a beta of 0.73. Blue Owl Capital Co. has a 52-week low of $12.11 and a 52-week high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. The business had revenue of $394.39 million for the quarter, compared to analysts' expectations of $395.24 million. On average, analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Monday, March 31st. Blue Owl Capital's payout ratio is currently 96.73%.

Wall Street Analyst Weigh In

OBDC has been the subject of a number of research analyst reports. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Wells Fargo & Company raised shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $14.00 to $15.00 in a research note on Monday, March 17th. Jefferies Financial Group started coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 target price for the company. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Finally, Keefe, Bruyette & Woods decreased their price objective on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $16.21.

Insider Transactions at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now owns 51,000 shares of the company's stock, valued at $754,800. The trade was a 41.67 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.11% of the company's stock.

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.