CIBC Private Wealth Group LLC Sells 111,104 Shares of Blue Owl Capital Co. (NYSE:OBDC)

CIBC Private Wealth Group LLC lessened its stake in Blue Owl Capital Co. (NYSE:OBDC) by 71.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,970 shares of the company’s stock after selling 111,104 shares during the period. CIBC Private Wealth Group LLC’s holdings in Blue Owl Capital were worth $664,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Generali Asset Management SPA SGR bought a new stake in Blue Owl Capital in the fourth quarter valued at approximately $34,103,000. Raymond James Financial Inc. bought a new stake in Blue Owl Capital during the 4th quarter valued at $28,434,000. Boston Partners grew its holdings in Blue Owl Capital by 76.6% in the 4th quarter. Boston Partners now owns 1,648,101 shares of the company’s stock worth $24,823,000 after acquiring an additional 714,940 shares during the last quarter. Sound Income Strategies LLC raised its stake in shares of 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 valued at $45,727,000 after acquiring an additional 182,002 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Blue Owl Capital by 7.7% in the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company’s stock worth $36,843,000 after purchasing an additional 174,759 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on OBDC shares. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, February 3rd. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research report on Tuesday, February 4th. Keefe, Bruyette & Woods upgraded Blue Owl Capital from a “moderate sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Wells Fargo & Company raised Blue Owl Capital from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $14.00 to $15.00 in a report on Monday, March 17th. Three equities research 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 company. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $16.17.

Insider Transactions at Blue Owl Capital

In related news, Director Chris Temple bought 15,000 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the director now owns 51,000 shares of the company’s stock, valued at $754,800. This trade represents a 41.67 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Performance

OBDC stock opened at $13.32 on Friday. The stock’s 50 day simple moving average is $15.00 and its 200 day simple moving average is $15.01. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. Blue Owl Capital Co. has a 12-month low of $13.23 and a 12-month high of $16.91. The stock has a market capitalization of $6.80 billion, a PE ratio of 8.70 and a beta of 0.85.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, February 19th. The company reported $0.47 earnings per share (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 firm had revenue of $394.39 million for the quarter, compared to the consensus estimate of $395.24 million. As a group, research analysts forecast that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s payout ratio is presently 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.