Cresset Asset Management LLC Grows Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Cresset Asset Management LLC boosted its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 8,188.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,439,547 shares of the company's stock after acquiring an additional 4,385,987 shares during the quarter. Cresset Asset Management LLC owned 1.14% of Blue Owl Capital worth $68,762,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Atria Wealth Solutions Inc. boosted its position 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 buying an additional 685 shares during the last quarter. Amplius Wealth Advisors LLC boosted its holdings in shares of Blue Owl Capital by 1.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 40,687 shares of the company's stock valued at $615,000 after acquiring an additional 702 shares during the last quarter. Channel Wealth LLC boosted its holdings in shares of Blue Owl Capital by 1.9% during the 4th 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 last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Blue Owl Capital by 9.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Blue Owl Capital by 9.5% during the fourth quarter. Blue Trust Inc. now owns 15,261 shares of the company's stock valued at $222,000 after purchasing an additional 1,321 shares during the period. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

NYSE OBDC traded up $0.02 on Friday, reaching $13.90. 2,160,929 shares of the stock were exchanged, compared to its average volume of 2,573,636. The firm has a market capitalization of $7.10 billion, a PE ratio of 9.09 and a beta of 0.71. Blue Owl Capital Co. has a one year low of $12.11 and a one year high of $16.91. The company's 50-day simple moving average is $14.18 and its two-hundred day simple moving average is $14.79. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25.

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

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.37 dividend. The ex-dividend date is Monday, June 30th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.05. This represents a $1.48 dividend on an annualized basis and a yield of 10.65%. Blue Owl Capital's payout ratio is currently 96.73%.

Analyst Upgrades and Downgrades

A number of research firms have commented on OBDC. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, February 3rd. Keefe, Bruyette & Woods reduced their price objective on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Wells Fargo & Company cut their price target on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective on the stock. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and an average target price of $15.93.

Insiders Place Their Bets

In related news, Director Chris Temple acquired 15,000 shares of the company's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $14.80 per share, with a total value of $222,000.00. Following the acquisition, the director now directly owns 51,000 shares of the company's stock, valued at approximately $754,800. This trade represents a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by corporate insiders.

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.