Mercer Global Advisors Inc. ADV Sells 92,921 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Mercer Global Advisors Inc. ADV cut its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 89.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,962 shares of the company’s stock after selling 92,921 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Blue Owl Capital were worth $166,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Fifth Third Bancorp increased its stake in Blue Owl Capital by 192.2% during the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock valued at $44,000 after acquiring an additional 1,922 shares during the period. Anchor Investment Management LLC increased its stake in Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company’s stock valued at $45,000 after acquiring an additional 1,500 shares during the period. Brown Brothers Harriman & Co. bought a new position in Blue Owl Capital during the fourth quarter valued at about $48,000. Westend Capital Management LLC increased its stake in Blue Owl Capital by 58.8% during the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after acquiring an additional 1,784 shares during the period. Finally, Millstone Evans Group LLC bought a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $76,000. 42.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OBDC has been the topic of several analyst reports. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Keefe, Bruyette & Woods lowered their price objective on Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday. Finally, Jefferies Financial Group initiated coverage on Blue Owl Capital in a research note on Friday, April 11th. They issued a “buy” rating and a $16.00 price objective on the stock. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $15.64.

Blue Owl Capital Stock Up 0.8%

NYSE OBDC opened at $14.72 on Friday. The firm has a market cap of $7.52 billion, a PE ratio of 9.62 and a beta of 0.71. Blue Owl Capital Co. has a one year low of $12.11 and a one year high of $16.91. The stock’s 50 day simple moving average is $14.16 and its 200 day simple moving average is $14.77. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The business had revenue of $464.65 million for the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a return on equity of 12.38% and a net margin of 37.26%. As a group, sell-side analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $1.48 dividend on an annualized basis and a yield of 10.06%. Blue Owl Capital’s dividend payout ratio is 95.48%.

Insider Buying and Selling

In other news, Director Chris Temple acquired 15,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the transaction, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is owned by corporate insiders.

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.