Golden State Equity Partners Increases Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Golden State Equity Partners boosted its stake in Blue Owl Capital Co. (NYSE:OBDC) by 4.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,452 shares of the company’s stock after purchasing an additional 1,887 shares during the quarter. Golden State Equity Partners’ holdings in Blue Owl Capital were worth $648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of OBDC. Wealth Enhancement Advisory Services LLC purchased a new stake in Blue Owl Capital in the first quarter valued at approximately $787,000. Sumitomo Mitsui Trust Holdings Inc. grew its position in Blue Owl Capital by 5.6% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 753,430 shares of the company’s stock valued at $11,588,000 after acquiring an additional 39,837 shares during the last quarter. Valeo Financial Advisors LLC bought a new position in Blue Owl Capital during the first quarter valued at approximately $1,000,000. SpiderRock Advisors LLC bought a new position in Blue Owl Capital during the first quarter valued at approximately $377,000. Finally, Hartline Investment Corp bought a new position in Blue Owl Capital during the first quarter valued at approximately $242,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Monday, August 12th. Keefe, Bruyette & Woods cut their price target on shares of 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. Wells Fargo & Company raised their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday. Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Finally, Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. One research 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 company. According to data from MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $16.00.

Blue Owl Capital Stock Up 0.3 %

NYSE OBDC opened at $15.13 on Thursday. The stock’s 50 day moving average is $14.90 and its 200 day moving average is $15.43. 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 Co. has a 12 month low of $13.15 and a 12 month high of $16.91. The stock has a market cap of $5.90 billion, a PE ratio of 8.45 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping 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 company had revenue of $396.76 million for the quarter, compared to analysts’ expectations of $388.84 million. Research analysts predict that Blue Owl Capital Co. will post 1.91 EPS 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 issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.59%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, September 30th. Blue Owl Capital’s dividend payout ratio is 82.68%.

Insider Transactions at Blue Owl Capital

In other news, Director Edward H. Dalelio acquired 2,500 shares of the firm’s stock in a transaction dated 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 acquisition, the director now directly owns 9,016 shares of the company’s stock, 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 filing with the SEC, which is available through this link. Insiders own 0.12% of the company’s stock.

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.