Advisors Asset Management Inc. Buys 48,136 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Advisors Asset Management Inc. lifted its stake in Blue Owl Capital Co. (NYSE:OBDC) by 16.8% during the third quarter, Holdings Channel reports. The fund owned 334,775 shares of the company’s stock after acquiring an additional 48,136 shares during the quarter. Advisors Asset Management Inc.’s holdings in Blue Owl Capital were worth $4,878,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. National Bank of Canada FI bought a new position in shares of Blue Owl Capital in the 2nd quarter valued at approximately $26,000. CWM LLC increased 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 buying an additional 1,032 shares during the period. Rothschild Investment LLC bought a new position in Blue Owl Capital in the 2nd quarter worth approximately $61,000. Zions Bancorporation N.A. bought a new position in Blue Owl Capital in the 2nd quarter worth approximately $61,000. Finally, EverSource Wealth Advisors LLC increased its position in Blue Owl Capital by 604.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock worth $65,000 after buying an additional 3,580 shares during the period. 42.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Keefe, Bruyette & Woods dropped their price target on 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday. Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Wells Fargo & Company lifted their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.07.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $15.06 on Friday. The stock’s fifty day simple moving average is $14.90 and its 200 day simple moving average is $15.34. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 9.36 and a beta of 0.86. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.37 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 9.83%. Blue Owl Capital’s payout ratio is presently 91.93%.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 2,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the transaction, the director now directly owns 9,016 shares in the company, valued at $135,420.32. The trade was a 38.37 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate 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.