CIBC Private Wealth Group LLC Reduces Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

CIBC Private Wealth Group LLC trimmed its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 71.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,970 shares of the company's stock after selling 111,104 shares during the period. CIBC Private Wealth Group LLC's holdings in Blue Owl Capital were worth $664,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Sound Income Strategies LLC boosted its position in Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock valued at $45,727,000 after acquiring an additional 182,002 shares during the last quarter. Franklin Resources Inc. grew its stake in Blue Owl Capital by 11.2% during the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock worth $11,116,000 after purchasing an additional 74,959 shares during the period. FNY Investment Advisers LLC bought a new stake in Blue Owl Capital in the fourth quarter worth approximately $814,000. JPMorgan Chase & Co. lifted its stake in Blue Owl Capital by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after buying an additional 174,759 shares during the period. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Blue Owl Capital by 80.9% during the 4th quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company's stock worth $759,000 after buying an additional 22,440 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Chris Temple purchased 15,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research note on Tuesday. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company upgraded Blue Owl Capital from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $14.00 to $15.00 in a report on Monday, March 17th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.25.

Blue Owl Capital Stock Up 9.7 %

OBDC traded up $1.21 during midday trading on Wednesday, reaching $13.69. 9,265,786 shares of the company were exchanged, compared to its average volume of 2,485,424. The company has a market cap of $6.99 billion, a price-to-earnings ratio of 8.95 and a beta of 0.73. Blue Owl Capital Co. has a one year low of $12.11 and a one year high of $16.91. The company's fifty day moving average price is $14.81 and its 200 day moving average price is $14.95. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19.

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

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.05 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.46%. Blue Owl Capital's dividend payout ratio (DPR) is presently 96.73%.

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.