LPL Financial LLC Has $29.54 Million Holdings in Blue Owl Capital Co. (NYSE:OBDC)

LPL Financial LLC grew its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 1.5% in the 4th quarter, according to the company in 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 quarter. 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 large investors have also made changes to their positions in the company. Rockefeller Capital Management L.P. grew its position in Blue Owl Capital by 9.1% in the third quarter. Rockefeller Capital Management L.P. now owns 524,155 shares of the company’s stock worth $7,637,000 after acquiring an additional 43,770 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Blue Owl Capital by 78.3% in the third quarter. Captrust Financial Advisors now owns 22,389 shares of the company’s stock worth $326,000 after purchasing an additional 9,833 shares in the last quarter. Tradition Wealth Management LLC increased its position in Blue Owl Capital by 2.3% during the third quarter. Tradition Wealth Management LLC now owns 131,941 shares of the company’s stock worth $1,922,000 after buying an additional 2,946 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Blue Owl Capital by 18.3% during the third quarter. Integrated Wealth Concepts LLC now owns 13,259 shares of the company’s stock valued at $193,000 after buying an additional 2,052 shares in the last quarter. Finally, Stifel Financial Corp lifted its position in shares of Blue Owl Capital by 8.5% in the third quarter. Stifel Financial Corp now owns 878,953 shares of the company’s stock worth $12,806,000 after buying an additional 69,042 shares during the last quarter. Institutional investors own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods raised Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $14.00 to $15.00 in a report on Monday, March 17th. Finally, JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Three investment analysts have rated the stock with 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.17.

Insider Activity at Blue Owl Capital

In related news, Director Chris Temple purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of $14.80 per share, with a total value of $222,000.00. Following the purchase, the director now directly owns 51,000 shares in the company, valued at $754,800. This represents a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

Blue Owl Capital Stock Down 1.7 %

Shares of OBDC opened at $15.05 on Friday. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The firm has a market capitalization of $7.69 billion, a P/E ratio of 9.83 and a beta of 0.85. The company has a 50-day simple moving average of $15.05 and a 200-day simple moving average of $15.03. 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 (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The company 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%. On average, equities research analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s payout ratio is 96.73%.

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.