Blue Owl Capital Co. (NYSE:OBDC) Stock Holdings Trimmed by Blue Trust Inc.

Blue Trust Inc. lessened its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 77.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,940 shares of the company’s stock after selling 48,596 shares during the period. Blue Trust Inc.’s holdings in Blue Owl Capital were worth $214,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. lifted its stake in Blue Owl Capital by 5.5% during the first quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company’s stock worth $215,000 after purchasing an additional 733 shares during the last quarter. Strategies Wealth Advisors LLC boosted its holdings in shares of Blue Owl Capital by 2.7% in the 2nd quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock valued at $434,000 after buying an additional 745 shares during the period. Intellectus Partners LLC grew its position in shares of Blue Owl Capital by 0.7% during the 2nd quarter. Intellectus Partners LLC now owns 120,846 shares of the company’s stock valued at $1,901,000 after buying an additional 809 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in Blue Owl Capital by 2.0% during the second quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company’s stock worth $679,000 after acquiring an additional 881 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in Blue Owl Capital by 3.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company’s stock worth $381,000 after acquiring an additional 910 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial lowered their target price on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, August 9th. Wells Fargo & Company dropped their target price on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Monday, August 12th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.94.

Blue Owl Capital Stock Performance

Shares of OBDC opened at $15.14 on Friday. The firm has a market capitalization of $5.91 billion, a PE ratio of 8.46 and a beta of 0.87. 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 50-day moving average price of $14.88 and a 200 day moving average price of $15.44. Blue Owl Capital Co. has a 52-week low of $12.99 and a 52-week high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The business had revenue of $396.76 million during the quarter, compared to analysts’ expectations of $388.84 million. On average, sell-side analysts anticipate that Blue Owl Capital Co. will post 1.91 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s payout ratio is currently 82.68%.

Insider Activity

In other news, Director Edward H. Dalelio bought 2,500 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased 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 trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.12% of the company’s stock.

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.