Commonwealth Equity Services LLC Decreases Position in Blue Owl Capital Co. (NYSE:OBDC)

Commonwealth Equity Services LLC trimmed its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 696,436 shares of the company’s stock after selling 24,864 shares during the period. Commonwealth Equity Services LLC owned 0.18% of Blue Owl Capital worth $10,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC increased its stake in shares of Blue Owl Capital by 6.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,024,260 shares of the company’s stock worth $45,727,000 after purchasing an additional 182,002 shares in the last quarter. Advisors Asset Management Inc. grew its stake in Blue Owl Capital by 16.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock valued at $4,878,000 after buying an additional 48,136 shares in the last quarter. Franklin Resources Inc. raised its holdings in Blue Owl Capital by 11.2% during the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock valued at $11,116,000 after acquiring an additional 74,959 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $814,000. Finally, Arkadios Wealth Advisors boosted its holdings in shares of Blue Owl Capital by 80.9% in the fourth quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company’s stock worth $759,000 after acquiring an additional 22,440 shares during the period. 42.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Blue Owl Capital news, Director Chris Temple bought 15,000 shares of Blue Owl Capital stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now owns 51,000 shares in the company, valued at approximately $754,800. This trade represents 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 available at the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

OBDC has been the topic of a number of recent research reports. JMP Securities reissued an “outperform” rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Citizens Jmp upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods upgraded shares of Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company upgraded shares of Blue Owl Capital from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $14.00 to $15.00 in a research report on Monday. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $16.17.

Blue Owl Capital Price Performance

OBDC stock opened at $15.00 on Thursday. The firm has a 50 day simple moving average of $15.01 and a two-hundred day simple moving average of $15.01. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. The stock has a market cap of $7.66 billion, a PE ratio of 9.80 and a beta of 0.85. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, February 19th. The company reported $0.47 EPS 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 business had revenue of $394.39 million for the quarter, compared to analysts’ expectations of $395.24 million. On average, analysts predict that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.33%. Blue Owl Capital’s dividend payout ratio is 96.73%.

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.