Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by MAS Advisors LLC

MAS Advisors LLC cut its stake in Blue Owl Capital Co. (NYSE:OBDC) by 4.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,897 shares of the company’s stock after selling 729 shares during the period. MAS Advisors LLC’s holdings in Blue Owl Capital were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of OBDC. MQS Management LLC acquired a new position in Blue Owl Capital during the second quarter worth $956,000. XTX Topco Ltd acquired a new stake in Blue Owl Capital in the 2nd quarter valued at about $684,000. WCG Wealth Advisors LLC increased its holdings in Blue Owl Capital by 11.9% during the 2nd quarter. WCG Wealth Advisors LLC now owns 54,564 shares of the company’s stock valued at $838,000 after acquiring an additional 5,801 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Blue Owl Capital by 29.0% in the second quarter. Blair William & Co. IL now owns 38,919 shares of the company’s stock valued at $598,000 after purchasing an additional 8,759 shares in the last quarter. Finally, Perennial Investment Advisors LLC increased its stake in shares of Blue Owl Capital by 0.4% during the 2nd quarter. Perennial Investment Advisors LLC now owns 383,543 shares of the company’s stock worth $5,891,000 after purchasing an additional 1,615 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

OBDC opened at $14.93 on Friday. Blue Owl Capital Co. has a twelve month low of $12.99 and a twelve month high of $16.91. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 7.54 and a beta of 0.87. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. The company has a fifty day simple moving average of $14.96 and a 200 day simple moving average of $15.50.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The firm had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. Equities research analysts expect that Blue Owl Capital Co. will post 1.93 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.61%. Blue Owl Capital’s dividend payout ratio is currently 74.75%.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio acquired 2,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company lowered their target price on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a report on Friday, August 9th. Truist Financial lowered their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.94.

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.