Corient Private Wealth LLC Grows Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Corient Private Wealth LLC grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,098,387 shares of the company's stock after purchasing an additional 172,275 shares during the period. Corient Private Wealth LLC owned approximately 0.28% of Blue Owl Capital worth $16,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Fifth Third Bancorp raised its holdings in shares of Blue Owl Capital by 192.2% in the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock worth $44,000 after acquiring 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 acquiring an additional 2,460 shares during the last quarter. 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 acquiring an additional 1,784 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth about $77,000. Finally, Canton Hathaway LLC acquired a new stake 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.

Insider Transactions at Blue Owl Capital

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. 0.12% of the stock is currently owned by company insiders.

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Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. JMP Securities restated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a research note on Friday, February 21st. Wells Fargo & Company upgraded shares of Blue Owl Capital from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $14.00 to $15.00 in a research note on Monday, March 17th. Finally, Citizens Jmp upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.17.

Blue Owl Capital Stock Performance

Shares of OBDC stock traded down $0.06 during trading hours on Friday, hitting $15.02. 10,922,128 shares of the company were exchanged, compared to its average volume of 2,287,769. The firm has a fifty day simple moving average of $15.02 and a 200 day simple moving average of $15.01. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 9.81 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued 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 net margin of 37.26% and a return on equity of 12.38%. The company had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. Research analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

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

About Blue Owl Capital

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.