Mercer Global Advisors Inc. ADV Trims Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Mercer Global Advisors Inc. ADV reduced its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 89.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,962 shares of the company's stock after selling 92,921 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Blue Owl Capital were worth $166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC increased its position in shares of Blue Owl Capital by 349.3% during the fourth quarter. Jane Street Group LLC now owns 573,375 shares of the company's stock worth $8,669,000 after acquiring an additional 445,761 shares in the last quarter. Lido Advisors LLC boosted its stake in Blue Owl Capital by 2.9% during the 4th quarter. Lido Advisors LLC now owns 187,135 shares of the company's stock valued at $2,889,000 after purchasing an additional 5,279 shares during the last quarter. Aquatic Capital Management LLC increased its holdings in Blue Owl Capital by 22.7% during the 4th quarter. Aquatic Capital Management LLC now owns 77,432 shares of the company's stock worth $1,171,000 after purchasing an additional 14,332 shares in the last quarter. Two Sigma Securities LLC raised its stake in shares of Blue Owl Capital by 22.7% in the fourth quarter. Two Sigma Securities LLC now owns 12,907 shares of the company's stock worth $195,000 after purchasing an additional 2,387 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of Blue Owl Capital by 14.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 19,295 shares of the company's stock valued at $292,000 after purchasing an additional 2,395 shares in the last quarter. Institutional investors own 42.83% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OBDC shares. Keefe, Bruyette & Woods decreased their price target on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a 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. JMP Securities reiterated an "outperform" rating on shares of Blue Owl Capital in a report on Tuesday, February 4th. Wells Fargo & Company dropped 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 report on Monday, April 28th. Finally, Jefferies Financial Group initiated coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective for the company. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of "Buy" and a consensus price target of $15.64.

Blue Owl Capital Stock Performance

OBDC traded down $0.36 during midday trading on Wednesday, reaching $14.30. The company had a trading volume of 3,332,516 shares, compared to its average volume of 2,594,069. Blue Owl Capital Co. has a 12-month low of $12.11 and a 12-month high of $16.91. The business has a 50-day moving average price of $14.18 and a two-hundred day moving average price of $14.76. The stock has a market cap of $7.31 billion, a PE ratio of 9.34 and a beta of 0.71. The company has a debt-to-equity ratio of 1.25, a quick ratio of 1.28 and a current ratio of 1.19.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. On average, sell-side analysts expect that Blue Owl Capital Co. will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.35%. The ex-dividend date is Monday, June 30th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.05. Blue Owl Capital's dividend payout ratio is currently 95.48%.

Insider Transactions at Blue Owl Capital

In other news, Director Chris Temple acquired 15,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were acquired 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.11% of the stock is owned by corporate insiders.

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.