Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,953,683 shares of the company's stock after buying an additional 29,389 shares during the period. LPL Financial LLC owned approximately 0.50% of Blue Owl Capital worth $29,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Stephens Inc. AR increased its stake in Blue Owl Capital by 3.3% during the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company's stock worth $50,294,000 after acquiring an additional 106,722 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Blue Owl Capital by 6.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock worth $45,727,000 after purchasing an additional 182,002 shares during the last quarter. Generali Asset Management SPA SGR acquired a new position in Blue Owl Capital in the fourth quarter valued at about $34,103,000. Sage Advisors LLC lifted its position in Blue Owl Capital by 3.9% in the fourth quarter. Sage Advisors LLC now owns 2,075,330 shares of the company's stock valued at $31,379,000 after buying an additional 78,403 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Blue Owl Capital during the fourth quarter worth about $28,434,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Down 2.5 %

OBDC stock traded down $0.38 during mid-day trading on Thursday, reaching $14.41. The company had a trading volume of 5,956,634 shares, compared to its average volume of 2,361,631. The firm has a fifty day simple moving average of $15.04 and a 200 day simple moving average of $15.02. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 9.42 and a beta of 0.85. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

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 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 company had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. Analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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 dividend on an annualized basis and a dividend yield of 1.39%. Blue Owl Capital's payout ratio is currently 96.73%.

Analysts Set New Price Targets

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

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the stock in a transaction that occurred 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 completion of the acquisition, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

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.