Cornerstone Wealth Management LLC Boosts Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Cornerstone Wealth Management LLC raised its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,217 shares of the company’s stock after buying an additional 1,832 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Blue Owl Capital were worth $548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of OBDC. National Bank of Canada FI increased its holdings in Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after acquiring an additional 2,460 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Blue Owl Capital by 604.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock worth $65,000 after purchasing an additional 3,580 shares during the last quarter. Westend Capital Management LLC lifted its position in shares of Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares in the last quarter. nVerses Capital LLC boosted its stake in Blue Owl Capital by 19.8% during the third quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock valued at $141,000 after buying an additional 1,600 shares during the last quarter. Finally, Quad Cities Investment Group LLC purchased a new position in Blue Owl Capital during the 3rd quarter valued at approximately $148,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Up 0.6 %

NYSE OBDC opened at $14.88 on Friday. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 9.24 and a beta of 0.84. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The company has a fifty day moving average of $15.12 and a two-hundred day moving average of $15.01.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). Blue Owl Capital had a return on equity of 12.59% and a net margin of 38.99%. The firm had revenue of $406.03 million for the quarter, compared to analysts’ expectations of $399.85 million. During the same period in the prior year, the firm posted $0.49 earnings per share. On average, analysts predict that Blue Owl Capital Co. will post 1.89 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.95%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio is presently 91.93%.

Analyst Upgrades and Downgrades

OBDC has been the topic of several recent research reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.92.

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.