Blue Owl Capital Co. (NYSE:OBDC) Shares Purchased by First National Trust Co

First National Trust Co grew its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 83.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 141,524 shares of the company's stock after acquiring an additional 64,558 shares during the quarter. First National Trust Co's holdings in Blue Owl Capital were worth $2,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI bought a new position in Blue Owl Capital in the 2nd quarter valued at $26,000. CWM LLC increased its holdings in Blue Owl Capital by 98.6% during the second quarter. CWM LLC now owns 2,079 shares of the company's stock worth $32,000 after buying an additional 1,032 shares during the last quarter. Headlands Technologies LLC bought a new stake in Blue Owl Capital in the first quarter worth about $40,000. Rothschild Investment LLC purchased a new position in Blue Owl Capital in the second quarter valued at approximately $61,000. Finally, Zions Bancorporation N.A. purchased a new position in shares of Blue Owl Capital during the 2nd quarter valued at $61,000. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Trading Up 0.5 %

Shares of OBDC stock traded up $0.08 during trading hours on Wednesday, reaching $14.81. 1,172,756 shares of the stock were exchanged, compared to its average volume of 1,948,544. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The company's 50-day moving average price is $14.88 and its 200-day moving average price is $15.38. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 9.25 and a beta of 0.86. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 9.99%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.06. Blue Owl Capital's payout ratio is currently 91.93%.

Insider Activity

In related news, Director Edward H. Dalelio bought 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 transaction, the director now owns 9,016 shares in the company, valued at approximately $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.12% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a research report on Tuesday, October 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $17.00 target price on shares of Blue Owl Capital in a research report on Monday, August 12th. Compass Point upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, August 19th. Keefe, Bruyette & Woods cut their price target on shares of 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. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and an average price target of $16.07.

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.