Dudley Capital Management LLC Purchases 3,750 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Dudley Capital Management LLC raised its position in Blue Owl Capital Co. (NYSE:OBDC) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,320 shares of the company’s stock after purchasing an additional 3,750 shares during the period. Dudley Capital Management LLC’s holdings in Blue Owl Capital were worth $937,000 at the end of the most recent reporting period.

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

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the purchase, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.12% of the company’s stock.

Analyst Ratings Changes

OBDC has been the subject of a number of research reports. Truist Financial cut their price target on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. Wells Fargo & Company upped their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods decreased their price objective on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a report 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 given a strong buy rating to the company’s stock. According to MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Blue Owl Capital Stock Down 2.0 %

OBDC opened at $14.83 on Friday. The company has a market cap of $5.79 billion, a P/E ratio of 8.28 and a beta of 0.86. Blue Owl Capital Co. has a 12 month low of $13.84 and a 12 month high of $16.91. The business’s 50-day moving average price is $14.89 and its 200-day moving average price is $15.41. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24.

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

Blue Owl Capital Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, November 29th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 82.68%.

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.