Cetera Advisors LLC acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC – Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC) on Form 13F. The institutional investor acquired 47,828 shares of the company’s stock, valued at approximately $736,000.
A number of other institutional investors have also recently made changes to their positions in OBDC. International Assets Investment Management LLC acquired a new stake in Blue Owl Capital during the fourth quarter valued at approximately $2,180,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Blue Owl Capital during the fourth quarter valued at approximately $241,000. Bleakley Financial Group LLC acquired a new stake in Blue Owl Capital during the fourth quarter valued at $166,000. Cerity Partners LLC acquired a new stake in Blue Owl Capital during the fourth quarter valued at $5,274,000. Finally, Perigon Wealth Management LLC acquired a new stake in Blue Owl Capital during the fourth quarter valued at $332,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.
Price development of Blue Owl Capital shares
Blue Owl Capital shares opened at $14.50 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.14. The company has a market cap of $5.65 billion, a P/E ratio of 7.32 and a beta of 0.87. The company has a 50 day simple moving average of $15.58 and a 200 day simple moving average of $15.54. Blue Owl Capital Co. has a 12 month low of $12.99 and a 12 month high of $16.91.
Blue Owl Capital (NYSE:OBDC – Get Free Report) last released its quarterly earnings results on Wednesday, May 8. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.01). Blue Owl Capital had a net margin of 48.25% and a return on equity of 12.64%. The company had revenue of $399.58 million during the quarter, compared to analyst expectations of $399.16 million. On average, equities analysts forecast that Blue Owl Capital Co. will post $1.88 earnings per share for the current fiscal year.
Blue Owl Capital increases dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will receive a dividend of $0.06 per share. The ex-dividend date is Friday, August 30th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents an annualized dividend of $0.24 and a dividend yield of 1.66%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 74.75%.
Analysts set new price targets
OBDC has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Truist Financial lowered their price target on Blue Owl Capital from $18.00 to $17.00 and gave the company a “buy” rating in a research note on Friday. Hovde Group raised their price target on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Wells Fargo & Company lowered their price target on Blue Owl Capital from $15.50 to $14.00 and gave the company an “underweight” rating in a research note on Friday. Finally, Raymond James downgraded Blue Owl Capital from “outperform” to “market perform” in a research note on Friday. One analyst has rated the stock with a “sell,” three have given a “hold” rating and four have issued a “buy” recommendation on the company’s stock. According to data from MarketBeat, Blue Owl Capital has an average rating of “hold” and a consensus price target of $16.00.
Check out our latest report on Blue Owl Capital
About Blue Owl Capital
(Free report)
Blue Owl Capital Corporation is a business development firm specializing in direct and fund of funds investments. The fund invests in senior secured, direct or unsecured loans, subordinated loans or mezzanine loans and also considers equity-like securities, including warrants and preferred stock. It also seeks preferred equity investments, senior, unitranche and second lien loans, and common equity investments.
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