Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC decreased its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 146,328 shares of the company’s stock after selling 7,483 shares during the period. Private Advisor Group LLC’s holdings in Blue Owl Capital were worth $2,212,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of OBDC. Pasadena Private Wealth LLC raised its holdings in shares of Blue Owl Capital by 79.6% in the 4th quarter. Pasadena Private Wealth LLC now owns 34,395 shares of the company’s stock worth $520,000 after purchasing an additional 15,244 shares during the period. Atria Wealth Solutions Inc. increased its position in Blue Owl Capital by 1.1% during the 4th quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock worth $1,014,000 after purchasing an additional 685 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Blue Owl Capital in the fourth quarter valued at approximately $77,000. D.A. Davidson & CO. raised its holdings in Blue Owl Capital by 3.1% in the fourth quarter. D.A. Davidson & CO. now owns 377,811 shares of the company’s stock valued at $5,713,000 after buying an additional 11,270 shares during the period. Finally, Truist Financial Corp lifted its position in Blue Owl Capital by 8.1% during the fourth quarter. Truist Financial Corp now owns 71,999 shares of the company’s stock valued at $1,089,000 after buying an additional 5,381 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. JMP Securities restated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.08.

Blue Owl Capital Stock Down 0.3 %

Shares of NYSE OBDC opened at $15.35 on Wednesday. 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 Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The stock’s 50-day simple moving average is $15.12 and its 200-day simple moving average is $15.00. The firm has a market cap of $5.99 billion, a price-to-earnings ratio of 10.03 and a beta of 0.83.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share 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 firm had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. As a group, equities 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 business also recently disclosed a dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, February 28th. Blue Owl Capital’s dividend payout ratio (DPR) is 96.73%.

Blue Owl Capital 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.