Legacy Capital Wealth Partners LLC Purchases 103,123 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Legacy Capital Wealth Partners LLC increased its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 96.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 209,617 shares of the company's stock after purchasing an additional 103,123 shares during the quarter. Legacy Capital Wealth Partners LLC owned approximately 0.05% of Blue Owl Capital worth $3,054,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in OBDC. Atomi Financial Group Inc. increased its holdings in shares of Blue Owl Capital by 5.5% during the first quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company's stock worth $215,000 after buying an additional 733 shares in the last quarter. Verus Capital Partners LLC grew its holdings in shares of Blue Owl Capital by 10.3% during the first quarter. Verus Capital Partners LLC now owns 181,367 shares of the company's stock worth $2,789,000 after purchasing an additional 16,967 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at $40,000. Tranquility Partners LLC raised its holdings in shares of Blue Owl Capital by 3.0% in the first quarter. Tranquility Partners LLC now owns 164,964 shares of the company's stock valued at $2,537,000 after buying an additional 4,819 shares during the last quarter. Finally, Bleakley Financial Group LLC lifted its position in Blue Owl Capital by 56.5% during the 1st quarter. Bleakley Financial Group LLC now owns 17,564 shares of the company's stock worth $270,000 after buying an additional 6,344 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 2,500 shares of the business's stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of $15.02 per share, with a total value of $37,550.00. Following the transaction, the director now directly owns 9,016 shares of the company's stock, valued at $135,420.32. This represents a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.12% of the company's stock.

Blue Owl Capital Trading Down 0.3 %

Shares of OBDC stock traded down $0.05 on Friday, hitting $14.78. The stock had a trading volume of 1,766,719 shares, compared to its average volume of 1,535,604. 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 twelve month low of $13.90 and a twelve month high of $16.91. The company has a fifty day moving average price of $14.89 and a two-hundred day moving average price of $15.40. The firm has a market cap of $5.77 billion, a P/E ratio of 9.18 and a beta of 0.86.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a return on equity of 12.57% and a net margin of 38.99%. The company had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. As a group, analysts forecast that Blue Owl Capital Co. will post 1.9 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.01%. Blue Owl Capital's dividend payout ratio (DPR) is presently 91.93%.

Analyst Ratings Changes

Several research firms have recently commented on OBDC. Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, August 19th. Raymond James downgraded shares of Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research note on Friday, August 9th. Keefe, Bruyette & Woods reduced 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. Finally, Truist Financial lowered 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 issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.00.

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.