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

BluePointe Capital Management LLC lowered its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 28.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,573 shares of the company's stock after selling 52,681 shares during the quarter. Blue Owl Capital accounts for about 1.3% of BluePointe Capital Management LLC's portfolio, making the stock its 25th largest position. BluePointe Capital Management LLC's holdings in Blue Owl Capital were worth $1,936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of OBDC. Intellectus Partners LLC increased its holdings in shares of Blue Owl Capital by 37.2% in the 3rd quarter. Intellectus Partners LLC now owns 165,761 shares of the company's stock valued at $2,476,000 after acquiring an additional 44,915 shares during the last quarter. Balboa Wealth Partners purchased a new position in Blue Owl Capital in the third quarter valued at approximately $169,000. Oppenheimer & Co. Inc. raised its holdings in Blue Owl Capital by 17.6% during the third quarter. Oppenheimer & Co. Inc. now owns 393,397 shares of the company's stock worth $5,732,000 after purchasing an additional 58,794 shares in the last quarter. Barnett & Company Inc. lifted its position in shares of Blue Owl Capital by 38.2% during the 3rd quarter. Barnett & Company Inc. now owns 102,900 shares of the company's stock worth $1,499,000 after buying an additional 28,450 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC boosted its holdings in shares of Blue Owl Capital by 35.9% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 20,315 shares of the company's stock valued at $296,000 after buying an additional 5,372 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OBDC shares. Keefe, Bruyette & Woods dropped their price target on 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 target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a research report on Tuesday, October 29th. Raymond James downgraded shares of Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, August 19th. 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 issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.07.

Blue Owl Capital Stock Up 0.5 %

Shares of OBDC traded up $0.07 during mid-day trading on Friday, reaching $14.89. 1,206,133 shares of the stock traded hands, compared to its average volume of 1,943,855. The stock has a fifty day simple moving average of $14.87 and a 200 day simple moving average of $15.37. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 9.20 and a beta of 0.86.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.94%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.06. Blue Owl Capital's payout ratio is 91.93%.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 2,500 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average cost of $15.02 per share, with a total value of $37,550.00. Following 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.

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.