Cerity Partners LLC Lowers Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Cerity Partners LLC trimmed its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 23.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 256,986 shares of the company’s stock after selling 79,216 shares during the quarter. Cerity Partners LLC owned about 0.07% of Blue Owl Capital worth $3,923,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fifth Third Bancorp lifted its stake in shares of Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after buying an additional 1,922 shares in the last quarter. Brown Brothers Harriman & Co. bought a new position in Blue Owl Capital in the 4th quarter valued at approximately $48,000. National Bank of Canada FI boosted its stake in Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after purchasing an additional 2,460 shares during the last quarter. Westend Capital Management LLC increased 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 in the last quarter. Finally, Millstone Evans Group LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter worth $76,000. 42.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on OBDC shares. Citizens Jmp raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research note on Friday. They issued a “buy” rating and a $16.00 price target for the company. Wells Fargo & Company raised shares of 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 report on Monday, March 17th. Keefe, Bruyette & Woods dropped 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. Finally, JMP Securities reiterated 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 issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.21.

Blue Owl Capital Trading Up 1.4 %

Shares of OBDC stock opened at $13.28 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 8.68 and a beta of 0.73. Blue Owl Capital Co. has a 1 year low of $12.11 and a 1 year high of $16.91. The firm has a fifty day moving average price of $14.73 and a 200-day moving average price of $14.93.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. As a group, equities analysts predict that Blue Owl Capital Co. will post 1.71 earnings per share for the current 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 issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.51%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is 96.73%.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Chris Temple purchased 15,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now owns 51,000 shares of the company’s stock, valued at approximately $754,800. This represents a 41.67 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is owned by company 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.