Cetera Investment Advisers Purchases 8,378 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Cetera Investment Advisers lifted its stake in Blue Owl Capital Co. (NYSE:OBDC) by 7.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120,085 shares of the company’s stock after acquiring an additional 8,378 shares during the period. Cetera Investment Advisers’ holdings in Blue Owl Capital were worth $1,845,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth $16,207,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Blue Owl Capital in the first quarter worth $1,311,000. Epiq Partners LLC acquired a new stake in shares of Blue Owl Capital in the first quarter worth $4,123,000. Sound Income Strategies LLC grew its stake in shares of Blue Owl Capital by 5.8% in the first quarter. Sound Income Strategies LLC now owns 2,603,592 shares of the company’s stock worth $40,043,000 after acquiring an additional 143,520 shares during the last quarter. Finally, Melia Wealth LLC acquired a new stake in shares of Blue Owl Capital in the first quarter worth $13,829,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on OBDC shares. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 12th. Truist Financial decreased their price target on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Company decreased their price target on shares of Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.94.

Insiders Place Their Bets

In other news, Director Edward H. Dalelio acquired 2,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average cost of $15.02 per share, with a total value of $37,550.00. Following the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Down 0.3 %

Shares of NYSE:OBDC opened at $14.85 on Monday. Blue Owl Capital Co. has a 52 week low of $12.99 and a 52 week high of $16.91. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.84. The company’s fifty day moving average is $14.75 and its 200-day moving average is $15.46. The company has a market capitalization of $5.79 billion, a PE ratio of 7.50 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The company had revenue of $396.76 million for the quarter, compared to the consensus estimate of $388.84 million. Equities research analysts predict that Blue Owl Capital Co. will post 1.91 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, September 30th. Blue Owl Capital’s payout ratio is currently 74.75%.

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.