Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by BluePointe Capital Management LLC

BluePointe Capital Management LLC lessened its stake in Blue Owl Capital Co. (NYSE:OBDC) by 28.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 129,573 shares of the company’s stock after selling 52,681 shares during the quarter. Blue Owl Capital makes up approximately 1.3% of BluePointe Capital Management LLC’s holdings, making the stock its 25th biggest holding. BluePointe Capital Management LLC’s holdings in Blue Owl Capital were worth $1,936,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of OBDC. Van ECK Associates Corp grew its position in shares of Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after buying an additional 347,155 shares during the last quarter. LSV Asset Management grew its position in shares of Blue Owl Capital by 10.4% during the 2nd quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock valued at $69,012,000 after buying an additional 423,934 shares during the last quarter. Stephens Inc. AR grew its position in Blue Owl Capital by 4.3% in the 3rd quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock worth $46,909,000 after purchasing an additional 132,386 shares during the last quarter. Sound Income Strategies LLC grew its position in Blue Owl Capital by 4.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,842,258 shares of the company’s stock worth $41,412,000 after purchasing an additional 130,181 shares during the last quarter. Finally, Sage Advisors LLC grew its position in Blue Owl Capital by 6.7% in the 2nd quarter. Sage Advisors LLC now owns 1,925,424 shares of the company’s stock worth $29,575,000 after purchasing an additional 120,115 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Ratings Changes

OBDC has been the subject of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research report on Monday, August 12th. Keefe, Bruyette & Woods lowered their price objective 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. Wells Fargo & Company raised their price objective 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, October 29th. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Finally, Truist Financial reduced their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.07.

Blue Owl Capital Trading Up 0.1 %

Blue Owl Capital stock opened at $14.82 on Friday. The company has a 50 day moving average price of $14.87 and a 200 day moving average price of $15.37. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 9.20 and a beta of 0.86.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.37 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.99%. Blue Owl Capital’s dividend payout ratio is presently 91.93%.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 2,500 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. This trade represents a 38.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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.