Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by US Bancorp DE

US Bancorp DE increased its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 226.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,988 shares of the company’s stock after buying an additional 13,168 shares during the quarter. US Bancorp DE’s holdings in Blue Owl Capital were worth $277,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in OBDC. National Bank of Canada FI purchased a new stake in Blue Owl Capital in the second quarter valued at $26,000. CWM LLC boosted its holdings in Blue Owl Capital by 98.6% in the second quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,032 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Blue Owl Capital in the first quarter valued at $40,000. Rothschild Investment LLC purchased a new stake in Blue Owl Capital in the second quarter valued at $61,000. Finally, Zions Bancorporation N.A. purchased a new stake in Blue Owl Capital in the second quarter valued at $61,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio acquired 2,500 shares of Blue Owl Capital stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.12% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

OBDC has been the topic of several recent research reports. Truist Financial lowered their price target on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Keefe, Bruyette & Woods lowered 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 note on Tuesday, August 20th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus price target of $16.07.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $14.81 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $5.78 billion, a P/E ratio of 9.20 and a beta of 0.86. The company has a 50 day moving average price of $14.88 and a 200 day moving average price of $15.37. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Blue Owl Capital Increases Dividend

The firm also recently declared 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 represents a $1.48 annualized dividend and a yield of 9.99%. The ex-dividend date is Tuesday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio (DPR) is currently 91.93%.

Blue Owl Capital 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.