BluePointe Capital Management LLC Sells 52,681 Shares of Blue Owl Capital Co. (NYSE:OBDC)

BluePointe Capital Management LLC lessened its position in Blue Owl Capital Co. (NYSE:OBDC) by 28.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 129,573 shares of the company’s stock after selling 52,681 shares during the quarter. Blue Owl Capital comprises about 1.3% of BluePointe Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. BluePointe Capital Management LLC’s holdings in Blue Owl Capital were worth $1,936,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. National Bank of Canada FI bought a new position in Blue Owl Capital in the 2nd quarter worth $26,000. CWM LLC grew its position in Blue Owl Capital by 98.6% in the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock worth $32,000 after purchasing an additional 1,032 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Blue Owl Capital in the 1st quarter worth $40,000. Rothschild Investment LLC acquired a new stake in Blue Owl Capital in the 2nd quarter worth $61,000. Finally, Zions Bancorporation N.A. acquired a new stake in Blue Owl Capital in the 2nd quarter worth $61,000. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Up 0.1 %

Shares of NYSE OBDC opened at $14.82 on Friday. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a market cap of $5.78 billion, a PE ratio of 9.20 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average of $14.87 and a two-hundred day moving average of $15.37.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.99%. Blue Owl Capital’s payout ratio is currently 91.93%.

Analysts Set New Price Targets

Several research firms have issued reports on OBDC. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Truist Financial decreased their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Keefe, Bruyette & Woods decreased their target price on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 20th. Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $16.07.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. This represents a 38.37 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.12% 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.