Lazard Asset Management LLC Takes $49,000 Position in Blue Owl Capital Co. (NYSE:OBDC)

Lazard Asset Management LLC purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,248 shares of the company’s stock, valued at approximately $49,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OBDC. Cornerstone Wealth Management LLC increased its stake in shares of Blue Owl Capital by 5.3% in the fourth quarter. Cornerstone Wealth Management LLC now owns 36,217 shares of the company’s stock valued at $548,000 after buying an additional 1,832 shares in the last quarter. Fifth Third Bancorp grew its holdings in Blue Owl Capital by 192.2% during the 4th quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after acquiring an additional 1,922 shares during the last quarter. Register Financial Advisors LLC increased its position in Blue Owl Capital by 19.9% in the 4th quarter. Register Financial Advisors LLC now owns 12,261 shares of the company’s stock valued at $185,000 after acquiring an additional 2,033 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in shares of Blue Owl Capital by 89.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 258,931 shares of the company’s stock worth $3,915,000 after acquiring an additional 121,947 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Blue Owl Capital by 9.5% during the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock worth $222,000 after purchasing an additional 1,321 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Blue Owl Capital

In related news, Director Chris Temple acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $14.80 per share, for a total transaction of $222,000.00. Following the completion of the acquisition, the director now directly owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on OBDC shares. Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They issued a “buy” rating and a $16.00 price target for the company. B. Riley assumed coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They set a “buy” rating and a $15.00 target price for the company. Wells Fargo & Company decreased their price target on Blue Owl Capital from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Citizens Jmp upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $15.64.

Blue Owl Capital Stock Up 0.7%

Blue Owl Capital stock opened at $14.34 on Monday. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 9.37 and a beta of 0.71. The company’s 50 day simple moving average is $14.15 and its 200 day simple moving average is $14.75. 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 Co. has a fifty-two week low of $12.11 and a fifty-two week high of $16.91.

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

Blue Owl Capital Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Monday, June 2nd will be issued a $0.01 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 11.51%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 95.48%.

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.