Blue Owl Capital Co. (NYSE:OBDC) Stock Position Lowered by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 47.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,855 shares of the company's stock after selling 203,587 shares during the period. Envestnet Asset Management Inc. owned 0.06% of Blue Owl Capital worth $3,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Atria Wealth Solutions Inc. grew its holdings in shares of Blue Owl Capital by 1.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock valued at $1,014,000 after buying an additional 685 shares during the last quarter. Amplius Wealth Advisors LLC raised its stake in shares of Blue Owl Capital by 1.8% during 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 boosted its holdings in Blue Owl Capital by 1.9% in the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company's stock worth $673,000 after buying an additional 823 shares during the last quarter. Blue Trust Inc. raised its stake 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 purchasing an additional 1,321 shares during the last quarter. Finally, Csenge Advisory Group lifted its stake in shares of Blue Owl Capital by 2.6% in the fourth quarter. Csenge Advisory Group now owns 55,064 shares of the company's stock worth $833,000 after buying an additional 1,373 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple bought 15,000 shares of Blue Owl Capital stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.11% of the company's stock.

Blue Owl Capital Stock Down 1.0 %

Shares of NYSE:OBDC traded down $0.15 during trading on Tuesday, hitting $14.20. The company's stock had a trading volume of 1,204,501 shares, compared to its average volume of 2,556,593. 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 Co. has a fifty-two week low of $12.11 and a fifty-two week high of $16.91. The stock's 50-day moving average price is $14.43 and its two-hundred day moving average price is $14.86. The company has a market capitalization of $7.25 billion, a PE ratio of 9.27 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping analysts' consensus estimates of $0.46 by $0.01. The business had revenue of $394.39 million during 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%. As a group, sell-side analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Monday, March 31st. Blue Owl Capital's dividend payout ratio (DPR) is presently 96.73%.

Analyst Ratings Changes

Several research firms have weighed in on OBDC. Keefe, Bruyette & Woods decreased 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 report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday. Citizens Jmp raised Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Jefferies Financial Group initiated coverage on Blue Owl Capital in a research note on Friday, April 11th. They set a "buy" rating and a $16.00 price target on the stock. Finally, JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $16.07.

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.