Mercer Global Advisors Inc. ADV Has $166,000 Stake in Blue Owl Capital Co. (NYSE:OBDC)

Mercer Global Advisors Inc. ADV trimmed its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 89.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,962 shares of the company's stock after selling 92,921 shares during the period. Mercer Global Advisors Inc. ADV's holdings in Blue Owl Capital were worth $166,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp lifted its holdings in shares of 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 in the last quarter. Anchor Investment Management LLC raised its holdings in Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock worth $45,000 after acquiring an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Blue Owl Capital during the fourth quarter worth about $48,000. Westend Capital Management LLC raised its holdings in Blue Owl Capital by 58.8% during the fourth 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. Finally, Millstone Evans Group LLC bought a new stake in Blue Owl Capital during the fourth quarter worth about $76,000. 42.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Chris Temple bought 15,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $14.80 per share, with a total value of $222,000.00. Following the completion of the transaction, the director now owns 51,000 shares of the company's stock, valued at $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 accessible through the SEC website. Corporate insiders own 0.11% of the company's stock.

Blue Owl Capital Stock Performance

NYSE:OBDC traded up $0.10 on Friday, hitting $14.34. The company's stock had a trading volume of 2,097,755 shares, compared to its average volume of 2,601,865. The company has a current ratio of 1.19, a quick ratio of 1.28 and a debt-to-equity ratio of 1.25. The stock has a fifty day moving average of $14.15 and a two-hundred day moving average of $14.76. The firm has a market capitalization of $7.33 billion, a P/E ratio of 9.37 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.

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

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.37 dividend. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.48 annualized dividend and a yield of 10.32%. Blue Owl Capital's dividend payout ratio is currently 95.48%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on OBDC. Jefferies Financial Group began coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 target price on the stock. Royal Bank of Canada reiterated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. B. Riley began coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price on the stock. Keefe, Bruyette & Woods dropped their target price on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Finally, Citizens Jmp upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, February 3rd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $15.64.

Blue Owl Capital 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.