Envestnet Asset Management Inc. Has $3.35 Million Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Envestnet Asset Management Inc. trimmed its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 47.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 221,855 shares of the company's stock after selling 203,587 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of Blue Owl Capital worth $3,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Fifth Third Bancorp increased its holdings in Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company's stock valued at $44,000 after purchasing an additional 1,922 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Blue Owl Capital during the fourth quarter worth about $48,000. Westend Capital Management LLC grew its stake in shares of Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company's stock worth $73,000 after acquiring an additional 1,784 shares in the last quarter. Millstone Evans Group LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth about $76,000. Finally, Venturi Wealth Management LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $77,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

OBDC stock traded down $0.17 during midday trading on Wednesday, reaching $14.02. The company had a trading volume of 1,856,242 shares, compared to its average volume of 2,563,788. The company has a market capitalization of $7.16 billion, a price-to-earnings ratio of 9.16 and a beta of 0.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.19 and a quick ratio of 1.28. Blue Owl Capital Co. has a 1-year low of $12.11 and a 1-year high of $16.91. The stock has a 50 day moving average price of $14.37 and a 200-day moving average price of $14.85.

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

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.43%. The ex-dividend date was Monday, March 31st. Blue Owl Capital's dividend payout ratio (DPR) is presently 96.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OBDC. Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Citizens Jmp raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Wells Fargo & Company reduced their price objective on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday. Finally, JMP Securities reissued an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.07.

Insiders Place Their Bets

In other news, Director Chris Temple purchased 15,000 shares of the company's stock in a transaction dated Thursday, March 6th. The stock was bought 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 approximately $754,800. The trade was a 41.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.11% of the company's stock.

Blue Owl Capital Company 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.