Corient Private Wealth LLC Purchases New Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Corient Private Wealth LLC purchased a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,006,778 shares of the company’s stock, valued at approximately $14,919,000. Corient Private Wealth LLC owned about 0.26% of Blue Owl Capital at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OBDC. GPS Wealth Strategies Group LLC bought a new stake in Blue Owl Capital during the fourth quarter valued at $41,000. Spire Wealth Management purchased a new stake in Blue Owl Capital during the fourth quarter valued at about $45,000. CVA Family Office LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter worth about $61,000. Register Financial Advisors LLC purchased a new position in shares of Blue Owl Capital in the fourth quarter worth about $64,000. Finally, Parkside Financial Bank & Trust purchased a new position in shares of Blue Owl Capital in the fourth quarter worth about $66,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 1.0 %

OBDC traded up $0.16 during trading on Friday, hitting $16.60. The stock had a trading volume of 1,254,542 shares, compared to its average volume of 2,059,120. The company has a market capitalization of $6.47 billion, a PE ratio of 8.38 and a beta of 0.88. Blue Owl Capital Co. has a twelve month low of $12.99 and a twelve month high of $16.64. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.67 and a current ratio of 1.67. The stock has a 50 day simple moving average of $15.81 and a two-hundred day simple moving average of $15.20.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, February 21st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The company had revenue of $411.23 million during the quarter, compared to the consensus estimate of $397.42 million. Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. On average, research analysts predict that Blue Owl Capital Co. will post 1.88 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 8.92%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, May 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 70.71%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Edward H. Dalelio acquired 3,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was acquired at an average cost of $15.07 per share, for a total transaction of $45,210.00. Following the completion of the purchase, the director now owns 6,217 shares of the company’s stock, valued at approximately $93,690.19. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OBDC shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Thursday. Wells Fargo & Company upped their target price on shares of Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a report on Monday, January 29th. Hovde Group upped their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 10th. Truist Financial upped their target price on shares of Blue Owl Capital from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Finally, JMP Securities restated a “market outperform” rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Tuesday, March 26th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.19.

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.