Private Advisor Group LLC Raises Position in Blue Owl Capital Co. (NYSE:OBDC)

Private Advisor Group LLC increased its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 4.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,811 shares of the company’s stock after purchasing an additional 5,993 shares during the quarter. Private Advisor Group LLC’s holdings in Blue Owl Capital were worth $2,241,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI bought a new stake in Blue Owl Capital in the 1st quarter worth $1,311,000. Cetera Investment Advisers grew its holdings in Blue Owl Capital by 154.4% in the 1st quarter. Cetera Investment Advisers now owns 111,707 shares of the company’s stock worth $1,718,000 after acquiring an additional 67,799 shares during the last quarter. Entropy Technologies LP grew its holdings in Blue Owl Capital by 120.3% in the 1st quarter. Entropy Technologies LP now owns 102,083 shares of the company’s stock worth $1,570,000 after acquiring an additional 55,755 shares during the last quarter. Granite FO LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter valued at about $1,226,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $1,000,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 1.5 %

NYSE:OBDC opened at $15.08 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $5.88 billion, a P/E ratio of 8.42 and a beta of 0.87. Blue Owl Capital Co. has a one year low of $13.08 and a one year high of $16.91. The company’s 50-day simple moving average is $14.90 and its 200 day simple moving average is $15.43.

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

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.06 dividend. The ex-dividend date of this dividend was 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 1.59%. Blue Owl Capital’s payout ratio is 82.68%.

Insiders Place Their Bets

In other news, Director Edward H. Dalelio bought 2,500 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was 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 owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OBDC. Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday. Keefe, Bruyette & Woods cut 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Truist Financial cut their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $16.00.

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.