Cetera Investment Advisers Sells 6,114 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Cetera Investment Advisers trimmed its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 129,350 shares of the company’s stock after selling 6,114 shares during the period. Cetera Investment Advisers’ holdings in Blue Owl Capital were worth $1,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Ameriprise Financial Inc. increased its holdings in Blue Owl Capital by 5.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company’s stock worth $72,361,000 after buying an additional 236,467 shares during the last quarter. Stephens Inc. AR increased its holdings in Blue Owl Capital by 3.3% during the fourth quarter. Stephens Inc. AR now owns 3,326,298 shares of the company’s stock worth $50,294,000 after buying an additional 106,722 shares during the last quarter. Sound Income Strategies LLC increased its holdings in Blue Owl Capital by 6.4% during the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after buying an additional 182,002 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Blue Owl Capital by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company’s stock worth $36,843,000 after buying an additional 174,759 shares during the last quarter. Finally, Generali Asset Management SPA SGR purchased a new stake in Blue Owl Capital during the fourth quarter worth about $34,103,000. 42.83% of the stock is owned by institutional investors.

Insider Transactions at Blue Owl Capital

In other news, Director Chris Temple bought 15,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $14.80 per share, for a total transaction of $222,000.00. Following the purchase, the director now owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on OBDC shares. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, February 3rd. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They issued a “buy” rating and a $16.00 target price for the company. Keefe, Bruyette & Woods reduced their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a research note on Tuesday, April 8th. B. Riley began coverage on shares of Blue Owl Capital in a research note on Tuesday, May 13th. They issued a “buy” rating and a $15.00 target price for the company. Finally, JMP Securities reiterated an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. 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 company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $15.64.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $14.72 on Tuesday. Blue Owl Capital Co. has a one year low of $12.11 and a one year high of $16.91. The company’s 50-day moving average is $14.17 and its 200 day moving average is $14.76. The company has a market capitalization of $7.52 billion, a price-to-earnings ratio of 9.62 and a beta of 0.71. 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, May 7th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $464.65 million for the quarter, compared to analysts’ expectations of $457.88 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. Sell-side analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 10.05%. The ex-dividend date is Monday, June 30th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s dividend payout ratio is 95.48%.

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.