Wealthfront Advisers LLC Purchases New Shares in Blue Owl Capital Co. (NYSE:OBDC)

Wealthfront Advisers LLC bought a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 21,882 shares of the company's stock, valued at approximately $331,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OBDC. Raymond James Financial Inc. bought a new position in Blue Owl Capital during the fourth quarter worth about $28,434,000. Icon Wealth Advisors LLC lifted its holdings in shares of Blue Owl Capital by 3,524.0% in the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company's stock worth $8,448,000 after buying an additional 563,800 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company's stock worth $45,727,000 after buying an additional 182,002 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of Blue Owl Capital by 89.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company's stock worth $3,915,000 after buying an additional 121,947 shares in the last quarter. Finally, Stephens Inc. AR lifted its holdings in shares of Blue Owl Capital by 3.3% in the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company's stock worth $50,294,000 after buying an additional 106,722 shares in the last quarter. Institutional investors own 42.83% of the company's stock.

Insider Buying and Selling

In other news, Director Chris Temple acquired 15,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. The trade was a 41.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.12% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods raised shares of Blue Owl Capital from a "moderate sell" rating to a "hold" rating in a report on Friday, February 21st. Wells Fargo & Company raised shares of 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. JMP Securities reaffirmed an "outperform" rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Finally, Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, February 3rd. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.17.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.06 during trading hours on Friday, reaching $15.02. 10,921,594 shares of the stock traded hands, compared to its average volume of 3,618,896. The company has a 50 day moving average price of $15.01 and a 200 day moving average price of $15.01. The firm 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 Co. has a one year low of $13.98 and a one year high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.19 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $394.39 million during the quarter, compared to the consensus estimate of $395.24 million. On average, equities research analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a yield of 1.33%. Blue Owl Capital's dividend payout ratio is presently 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.