Blue Owl Capital Co. (NYSE:OBDC) Stock Holdings Raised by Advisors Asset Management Inc.

Advisors Asset Management Inc. raised its stake in Blue Owl Capital Co. (NYSE:OBDC) by 16.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 334,775 shares of the company’s stock after purchasing an additional 48,136 shares during the period. Advisors Asset Management Inc. owned 0.09% of Blue Owl Capital worth $4,878,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in shares of Blue Owl Capital by 9.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 63,747 shares of the company’s stock valued at $929,000 after buying an additional 5,415 shares during the period. CAP Partners LLC boosted its holdings in shares of Blue Owl Capital by 16.9% in the 3rd quarter. CAP Partners LLC now owns 17,476 shares of the company’s stock valued at $255,000 after buying an additional 2,522 shares during the period. Gilbert & Cook Inc. boosted its holdings in shares of Blue Owl Capital by 3.5% in the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company’s stock valued at $427,000 after buying an additional 1,000 shares during the period. Sage Advisors LLC boosted its holdings in shares of Blue Owl Capital by 3.7% in the 3rd quarter. Sage Advisors LLC now owns 1,996,927 shares of the company’s stock valued at $29,095,000 after buying an additional 71,503 shares during the period. Finally, Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Blue Owl Capital by 9.2% in the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 19,037 shares of the company’s stock valued at $277,000 after buying an additional 1,600 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OBDC has been the subject of several research reports. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Truist Financial dropped their price target on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. 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 Tuesday. Finally, Keefe, Bruyette & Woods reduced their price target on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. One investment 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.07.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $15.06 on Friday. 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 stock has a market cap of $5.88 billion, a PE ratio of 9.36 and a beta of 0.86. The business’s fifty day moving average is $14.90 and its 200-day moving average is $15.34. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91.

Blue Owl Capital Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a yield of 9.83%. Blue Owl Capital’s payout ratio is 91.93%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 2,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $15.02 per share, with a total value of $37,550.00. Following the completion of the acquisition, the director now owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. This represents a 38.37 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.12% of the stock is owned by corporate insiders.

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.