Commonwealth Equity Services LLC Has $10.53 Million Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Commonwealth Equity Services LLC decreased its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 696,436 shares of the company's stock after selling 24,864 shares during the period. Commonwealth Equity Services LLC owned 0.18% of Blue Owl Capital worth $10,530,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of OBDC. Fifth Third Bancorp grew its holdings in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after purchasing an additional 1,922 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company's stock worth $61,000 after purchasing an additional 2,460 shares during the period. Westend Capital Management LLC raised its holdings in shares of Blue Owl Capital by 58.8% in the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock worth $73,000 after purchasing an additional 1,784 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter worth about $77,000. Finally, Canton Hathaway LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter worth about $84,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded down $0.06 during mid-day trading on Friday, hitting $15.02. 10,922,128 shares of the company's stock traded hands, compared to its average volume of 2,287,769. The firm has a 50 day moving average price of $15.02 and a 200 day moving average price of $15.01. 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 company has a market cap of $7.67 billion, a PE ratio of 9.81 and a beta of 0.85. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91.

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Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted 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. The company had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. On average, equities analysts forecast that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 31st. Blue Owl Capital's payout ratio is 96.73%.

Insider Activity

In other news, Director Chris Temple bought 15,000 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the purchase, the director now directly owns 51,000 shares of the company's stock, valued at $754,800. This trade represents a 41.67 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research note on Friday, February 21st. Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. JMP Securities restated 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 boosted their price objective for the company from $14.00 to $15.00 in a research report on Monday, March 17th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average target price of $16.17.

Blue Owl Capital Company 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.