355,029 Shares in Blue Owl Capital Co. (NYSE:OBDC) Purchased by Cerity Partners LLC

Cerity Partners LLC bought a new position in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, Holdings Channel reports. The fund bought 355,029 shares of the company’s stock, valued at approximately $5,274,000.

Several other large investors also recently modified their holdings of OBDC. First Affirmative Financial Network bought a new stake in shares of Blue Owl Capital in the fourth quarter worth about $235,000. Wedmont Private Capital bought a new stake in Blue Owl Capital during the 4th quarter valued at approximately $311,000. Dfpg Investments LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at approximately $2,333,000. Sound Income Strategies LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at approximately $36,311,000. Finally, Cornerstone Wealth Management LLC bought a new stake in Blue Owl Capital during the 4th quarter valued at approximately $636,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

OBDC stock opened at $15.37 on Wednesday. The firm has a 50 day moving average price of $15.18 and a 200-day moving average price of $14.70. Blue Owl Capital Co. has a 52-week low of $12.20 and a 52-week high of $15.83. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 7.57 and a beta of 0.91. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.60 and a current ratio of 1.60.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. Blue Owl Capital had a net margin of 50.14% and a return on equity of 12.62%. The company had revenue of $411.23 million during the quarter, compared to analyst estimates of $397.42 million. Equities research analysts forecast that Blue Owl Capital Co. will post 1.9 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a $0.08 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $0.32 dividend on an annualized basis and a yield of 2.08%. Blue Owl Capital’s payout ratio is currently 68.97%.

Insider Buying and Selling

In other news, Director Edward H. Dalelio acquired 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the acquisition, the director now directly owns 6,217 shares in the company, valued at $93,690.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on OBDC shares. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research report on Monday, January 29th. B. Riley cut Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price objective on the stock. in a research report on Monday, January 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, Blue Owl Capital currently has a consensus rating of “Hold” and an average price target of $15.50.

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.