Cerity Partners LLC Takes $5.27 Million Position in Blue Owl Capital Co. (NYSE:OBDC)

Cerity Partners LLC purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 355,029 shares of the company’s stock, valued at approximately $5,274,000. Cerity Partners LLC owned about 0.09% of Blue Owl Capital as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Affirmative Financial Network bought a new stake in Blue Owl Capital during the 4th quarter worth $235,000. Wedmont Private Capital bought a new stake in Blue Owl Capital during the 4th quarter worth $311,000. Dfpg Investments LLC bought a new stake in Blue Owl Capital during the 4th quarter worth $2,333,000. Sound Income Strategies LLC bought a new stake in Blue Owl Capital during the 4th quarter worth $36,311,000. Finally, Cornerstone Wealth Management LLC bought a new stake in Blue Owl Capital during the 4th quarter worth $636,000. Institutional investors own 42.83% of the company’s stock.

Insider Activity

In other news, Director Edward H. Dalelio purchased 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average cost of $15.07 per share, with a total value of $45,210.00. Following the purchase, the director now owns 6,217 shares in the company, valued at $93,690.19. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by company insiders.

Blue Owl Capital Stock Up 0.4 %

Shares of NYSE:OBDC opened at $15.37 on Wednesday. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 7.57 and a beta of 0.91. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.60 and a quick ratio of 1.60. The business’s 50-day moving average is $15.18 and its 200-day moving average is $14.70. Blue Owl Capital Co. has a 1 year low of $12.20 and a 1 year high of $15.83.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. The company had revenue of $411.23 million for the quarter, compared to the consensus estimate of $397.42 million. Blue Owl Capital had a return on equity of 12.62% and a net margin of 50.14%. Equities research analysts predict that Blue Owl Capital Co. will post 1.9 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date was Thursday, February 29th. Blue Owl Capital’s dividend payout ratio is 68.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. B. Riley lowered Blue Owl Capital from a “buy” rating to a “neutral” rating and set a $15.50 price target on the stock. in a research report on Monday, January 8th. Wells Fargo & Company upped their price target on Blue Owl Capital from $13.00 to $14.50 and gave the company an “underweight” rating in a research report on Monday, January 29th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a research report on Tuesday, March 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Hold” and a consensus price target of $15.50.

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.