Blue Owl Capital Co. (NYSE:OBDC) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp boosted its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 4.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,472,128 shares of the company’s stock after acquiring an additional 347,155 shares during the quarter. Van ECK Associates Corp owned 1.91% of Blue Owl Capital worth $112,754,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Boston Partners purchased a new stake in Blue Owl Capital during the 1st quarter worth approximately $15,010,000. LSV Asset Management grew its stake in shares of Blue Owl Capital by 17.3% in the first quarter. LSV Asset Management now owns 4,069,047 shares of the company’s stock valued at $62,582,000 after buying an additional 600,447 shares in the last quarter. Cercano Management LLC purchased a new stake in Blue Owl Capital during the first quarter worth about $5,932,000. Concurrent Investment Advisors LLC lifted its holdings in Blue Owl Capital by 84.5% during the 1st quarter. Concurrent Investment Advisors LLC now owns 492,532 shares of the company’s stock worth $7,575,000 after buying an additional 225,608 shares in the last quarter. Finally, Trinity Financial Advisors LLC raised its position in Blue Owl Capital by 32.3% in the 3rd quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock valued at $12,471,000 after purchasing an additional 215,742 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Down 1.7 %

Shares of NYSE OBDC opened at $14.78 on Monday. The stock has a market cap of $5.77 billion, a PE ratio of 8.26 and a beta of 0.86. The business has a 50-day moving average price of $14.92 and a 200 day moving average price of $15.42. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. Blue Owl Capital Co. has a 52-week low of $13.60 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 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $396.76 million for the quarter, compared to analyst estimates of $388.84 million. Equities research analysts forecast that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.06 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Monday, September 30th. Blue Owl Capital’s dividend payout ratio (DPR) is 82.68%.

Analyst Upgrades and Downgrades

Several research analysts have commented on OBDC shares. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Keefe, Bruyette & Woods dropped their target price 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. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Truist Financial dropped their price objective 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. Finally, Wells Fargo & Company boosted their target price on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.00.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company 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.