Stock Traders Purchase High Volume of Call Options on Blue Owl Capital (NYSE:OBDC)

Blue Owl Capital Co. (NYSE:OBDC) saw some unusual options trading on Monday. Stock traders purchased 83,646 call options on the stock. This is an increase of approximately 24,075% compared to the typical volume of 346 call options.

Analyst Ratings Changes

OBDC has been the topic of a number of recent analyst reports. 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 research note on Tuesday, October 29th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.86.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. lifted its position in shares of Blue Owl Capital by 11.2% during the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock worth $11,116,000 after acquiring an additional 74,959 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Blue Owl Capital during the 3rd quarter valued at $283,000. Sanctuary Advisors LLC lifted its stake in Blue Owl Capital by 4.7% during the third quarter. Sanctuary Advisors LLC now owns 175,305 shares of the company’s stock worth $2,668,000 after purchasing an additional 7,897 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Blue Owl Capital by 112.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 12,719 shares of the company’s stock worth $185,000 after buying an additional 6,738 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of Blue Owl Capital by 82.3% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 61,456 shares of the company’s stock valued at $895,000 after purchasing an additional 27,745 shares in the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 0.1 %

OBDC opened at $15.49 on Tuesday. Blue Owl Capital has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The firm has a market capitalization of $6.04 billion, a P/E ratio of 9.62 and a beta of 0.85. The company’s 50-day moving average is $15.13 and its 200 day moving average is $15.11. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 9.55%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio is presently 91.93%.

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.