44,524 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 44,524 shares of the company’s stock, valued at approximately $684,000.

Other institutional investors have also added to or reduced their stakes in the company. National Bank of Canada FI purchased a new stake in shares of Blue Owl Capital during the second quarter valued at $26,000. Heritage Wealth Advisors purchased a new stake in Blue Owl Capital during the 4th quarter valued at about $32,000. CWM LLC increased its holdings in shares of 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 period. Newbridge Financial Services Group Inc. purchased a new position in shares of Blue Owl Capital in the fourth quarter worth about $38,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Blue Owl Capital during the first quarter worth about $40,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on OBDC. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Truist Financial cut their price target on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Keefe, Bruyette & Woods decreased their price objective on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.94.

Insider Buying and Selling

In related news, Director Edward H. Dalelio acquired 2,500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were acquired at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the acquisition, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.12% of the stock is owned by insiders.

Blue Owl Capital Trading Up 0.1 %

OBDC stock opened at $14.95 on Monday. Blue Owl Capital Co. has a 52-week low of $12.99 and a 52-week high of $16.91. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The firm has a market cap of $5.83 billion, a P/E ratio of 7.55 and a beta of 0.87. The company’s 50-day simple moving average is $14.95 and its 200-day simple moving average is $15.51.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $396.76 million for the quarter, compared to the consensus estimate of $388.84 million. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. As a group, equities analysts forecast 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 paid a $0.06 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.61%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s dividend payout ratio (DPR) is currently 74.75%.

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.