Oppenheimer & Co. Inc. Grows Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Oppenheimer & Co. Inc. lifted its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 17.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 393,397 shares of the company’s stock after acquiring an additional 58,794 shares during the quarter. Oppenheimer & Co. Inc. owned 0.10% of Blue Owl Capital worth $5,732,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. National Bank of Canada FI acquired a new position in Blue Owl Capital during the second quarter worth $26,000. CWM LLC increased its stake in Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock worth $32,000 after buying an additional 1,032 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital during the first quarter valued at approximately $40,000. Rothschild Investment LLC purchased a new position in shares of Blue Owl Capital in the second quarter valued at approximately $61,000. Finally, Zions Bancorporation N.A. acquired a new stake in shares of Blue Owl Capital in the second quarter worth approximately $61,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on OBDC. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research report on Monday, August 12th. Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods cut their price objective on shares of 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. Finally, Truist Financial lowered their target price on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.07.

Insider Activity at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 2,500 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the acquisition, the director now directly owns 9,016 shares of the company’s stock, valued at $135,420.32. The trade was a 38.37 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 0.12% of the stock is owned by insiders.

Blue Owl Capital Trading Up 0.1 %

NYSE OBDC opened at $14.82 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $5.78 billion, a P/E ratio of 9.20 and a beta of 0.86. The firm’s 50-day moving average is $14.87 and its two-hundred day moving average is $15.37. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91.

Blue Owl Capital Increases Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 9.99%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio (DPR) 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.