Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. increased its stake in Blue Owl Capital Co. (NYSE:OBDC) by 17.6% during the 3rd quarter, Holdings Channel reports. The fund owned 393,397 shares of the company’s stock after purchasing an additional 58,794 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Blue Owl Capital were worth $5,732,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp raised its position in Blue Owl Capital by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after purchasing an additional 347,155 shares in the last quarter. LSV Asset Management raised its holdings in Blue Owl Capital by 10.4% in the second quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock valued at $69,012,000 after acquiring an additional 423,934 shares in the last quarter. Stephens Inc. AR lifted its stake in Blue Owl Capital by 4.3% in the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock worth $46,909,000 after acquiring an additional 132,386 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Blue Owl Capital by 4.8% during the 3rd quarter. Sound Income Strategies LLC now owns 2,842,258 shares of the company’s stock worth $41,412,000 after acquiring an additional 130,181 shares in the last quarter. Finally, Sage Advisors LLC increased its position in shares of Blue Owl Capital by 6.7% in the 2nd quarter. Sage Advisors LLC now owns 1,925,424 shares of the company’s stock valued at $29,575,000 after purchasing an additional 120,115 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Up 0.1 %

OBDC opened at $14.82 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The business’s 50 day moving average is $14.87 and its two-hundred day moving average is $15.37. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 9.20 and a beta of 0.86.

Blue Owl Capital Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OBDC shares. Truist Financial decreased their price objective on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a report on Tuesday, August 20th. Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Wells Fargo & Company increased 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, Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.07.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio bought 2,500 shares of the stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the purchase, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. This trade represents a 38.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by insiders.

About Blue Owl Capital

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.