Blue Owl Capital Co. (NYSE:OBDC) Position Trimmed by BlueChip Wealth Advisors LLC

BlueChip Wealth Advisors LLC lowered its stake in Blue Owl Capital Co. (NYSE:OBDC) by 60.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,837 shares of the company’s stock after selling 16,403 shares during the period. BlueChip Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $164,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Atria Wealth Solutions Inc. lifted its holdings in shares of Blue Owl Capital by 1.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company’s stock valued at $1,014,000 after purchasing an additional 685 shares during the last quarter. Amplius Wealth Advisors LLC increased its position in shares of Blue Owl Capital by 1.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company’s stock worth $615,000 after acquiring an additional 702 shares in the last quarter. Channel Wealth LLC raised its holdings in shares of Blue Owl Capital by 1.9% during the fourth quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock valued at $673,000 after acquiring an additional 823 shares during the period. Blue Trust Inc. lifted its position in shares of Blue Owl Capital by 9.5% in the 4th quarter. Blue Trust Inc. now owns 15,261 shares of the company’s stock valued at $222,000 after acquiring an additional 1,321 shares in the last quarter. Finally, Csenge Advisory Group boosted its stake in Blue Owl Capital by 2.6% in the 4th quarter. Csenge Advisory Group now owns 55,064 shares of the company’s stock worth $833,000 after purchasing an additional 1,373 shares during the period. 42.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Blue Owl Capital

In other news, Director Chris Temple bought 15,000 shares of the 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 purchase, the director now owns 51,000 shares of the company’s stock, valued at $754,800. This represents a 41.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.12% of the stock is owned by company insiders.

Blue Owl Capital Price Performance

Shares of OBDC opened at $15.05 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19. The firm has a market cap of $7.69 billion, a PE ratio of 9.83 and a beta of 0.85. The firm’s 50 day moving average price is $15.05 and its 200 day moving average price is $15.02. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The business had revenue of $394.39 million during the quarter, compared to analyst estimates of $395.24 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. As a group, research analysts expect that Blue Owl Capital Co. will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently disclosed 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 1.33%. The ex-dividend date is Monday, March 31st. Blue Owl Capital’s dividend payout ratio is 96.73%.

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.