Cerity Partners LLC Has $7.92 Million Stock Holdings in Blue Owl Capital Corporation (NYSE:OBDC)

Cerity Partners LLC boosted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 110.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 540,142 shares of the company's stock after buying an additional 283,156 shares during the quarter. Cerity Partners LLC owned 0.11% of Blue Owl Capital worth $7,918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Tower Research Capital LLC TRC lifted its holdings in shares of Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after acquiring an additional 1,083 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Blue Owl Capital by 85.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company's stock worth $15,042,000 after purchasing an additional 474,100 shares during the period. JPMorgan Chase & Co. grew its holdings in Blue Owl Capital by 7.7% during the fourth quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock worth $36,843,000 after acquiring an additional 174,759 shares during the period. Sound Income Strategies LLC raised its position in shares of Blue Owl Capital by 4.3% during the first quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company's stock worth $46,227,000 after purchasing an additional 129,038 shares during the period. Finally, Financial Gravity Asset Management Inc. acquired a new position in Blue Owl Capital in the 1st quarter worth approximately $887,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Blue Owl Capital

In other news, Director Victor Woolridge acquired 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $14.45 per share, with a total value of $99,921.75. Following the purchase, the director directly owned 28,191 shares of the company's stock, valued at $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

OBDC has been the subject of several research reports. B. Riley initiated coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target for the company. Royal Bank Of Canada restated an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 15th. Jefferies Financial Group assumed coverage on Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price objective on the stock. Wells Fargo & Company decreased their price target on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Finally, 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 for the company in a research note on Tuesday, April 8th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $15.64.

Blue Owl Capital Price Performance

OBDC traded up $0.17 during trading on Thursday, hitting $15.12. The company's stock had a trading volume of 1,663,762 shares, compared to its average volume of 2,663,825. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.87. The stock has a market capitalization of $7.72 billion, a price-to-earnings ratio of 9.74 and a beta of 0.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31. The firm's 50 day moving average price is $14.53 and its two-hundred day moving average price is $14.60.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The business had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. Sell-side analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a dividend of $0.01 per share. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 11.51%. Blue Owl Capital's payout ratio is currently 95.48%.

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.