Venturi Wealth Management LLC Purchases Shares of 5,100 Blue Owl Capital Co. (NYSE:OBDC)

Venturi Wealth Management LLC purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 5,100 shares of the company’s stock, valued at approximately $77,000.

Several other institutional investors have also recently added to or reduced their stakes in OBDC. Raymond James & Associates lifted its stake in Blue Owl Capital by 15.9% in the third quarter. Raymond James & Associates now owns 955,598 shares of the company’s stock valued at $13,923,000 after buying an additional 130,808 shares during the period. Private Advisor Group LLC lifted its stake in Blue Owl Capital by 4.1% in the third quarter. Private Advisor Group LLC now owns 153,811 shares of the company’s stock valued at $2,241,000 after buying an additional 5,993 shares during the period. International Assets Investment Management LLC acquired a new position in Blue Owl Capital in the third quarter valued at approximately $12,810,000. Arkadios Wealth Advisors lifted its stake in Blue Owl Capital by 17.8% in the third quarter. Arkadios Wealth Advisors now owns 27,755 shares of the company’s stock valued at $404,000 after buying an additional 4,200 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Blue Owl Capital by 35.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 39,105 shares of the company’s stock valued at $570,000 after buying an additional 10,298 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Keefe, Bruyette & Woods restated an “underperform” rating and set a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company boosted their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.08.

Blue Owl Capital Trading Down 0.4 %

Shares of Blue Owl Capital stock opened at $15.37 on Tuesday. The stock has a fifty day simple moving average of $15.12 and a 200 day simple moving average of $14.99. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The company has a market capitalization of $6.00 billion, a P/E ratio of 10.04 and a beta of 0.83. 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 (NYSE:OBDC) last announced 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 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 the consensus estimate of $395.24 million. On average, sell-side analysts anticipate 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 disclosed a dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.05 dividend. The ex-dividend date is Friday, February 28th. Blue Owl Capital’s dividend payout ratio (DPR) 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.