Obermeyer Wealth Partners Has $2.20 Million Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Obermeyer Wealth Partners increased its position in Blue Owl Capital Co. (NYSE:OBDC) by 1.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 145,684 shares of the company’s stock after purchasing an additional 1,661 shares during the period. Obermeyer Wealth Partners’ holdings in Blue Owl Capital were worth $2,203,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in OBDC. Cresset Asset Management LLC grew its holdings in Blue Owl Capital by 8,188.9% during the fourth quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company’s stock valued at $68,762,000 after purchasing an additional 4,385,987 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in Blue Owl Capital during the 4th quarter valued at about $34,103,000. Raymond James Financial Inc. bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $28,434,000. Boston Partners lifted its holdings in Blue Owl Capital by 76.6% during the 4th quarter. Boston Partners now owns 1,648,101 shares of the company’s stock worth $24,823,000 after buying an additional 714,940 shares in the last quarter. Finally, Enstar Group LTD acquired a new stake in Blue Owl Capital during the 4th quarter worth $10,139,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on OBDC shares. JMP Securities reaffirmed an “outperform” rating on shares of Blue Owl Capital in a research note on Tuesday, February 4th. Jefferies Financial Group initiated coverage on Blue Owl Capital in a report on Friday, April 11th. They issued a “buy” rating and a $16.00 price objective for the company. Keefe, Bruyette & Woods dropped their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a “market perform” rating for the company in a report on Tuesday, April 8th. Citizens Jmp raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada decreased their price target on Blue Owl Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, May 5th. 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.75.

Blue Owl Capital Trading Up 3.6%

NYSE:OBDC opened at $14.40 on Tuesday. Blue Owl Capital Co. has a 52 week low of $12.11 and a 52 week high of $16.91. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 9.41 and a beta of 0.71. The firm has a 50-day moving average price of $14.17 and a two-hundred day moving average price of $14.78. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a net margin of 37.26% and a return on equity of 12.38%. On average, equities analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 30th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $1.48 annualized dividend and a yield of 10.28%. Blue Owl Capital’s payout ratio is presently 95.48%.

Insider Activity

In related news, Director Chris Temple purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired 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 directly owns 51,000 shares in the company, valued at approximately $754,800. The trade was a 41.67% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.11% of the company’s stock.

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.