Blue Owl Capital Co. (NYSE:OBDC) Holdings Lifted by Intellectus Partners LLC

Intellectus Partners LLC lifted its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 37.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 165,761 shares of the company's stock after buying an additional 44,915 shares during the quarter. Intellectus Partners LLC's holdings in Blue Owl Capital were worth $2,476,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of OBDC. Headlands Technologies LLC acquired a new position in Blue Owl Capital during the first quarter worth approximately $40,000. Bleakley Financial Group LLC raised its position in shares of Blue Owl Capital by 56.5% in 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 during the period. Kingsview Wealth Management LLC grew its position in Blue Owl Capital by 223.9% during the first quarter. Kingsview Wealth Management LLC now owns 33,194 shares of the company's stock valued at $511,000 after acquiring an additional 22,945 shares during the period. Acadian Asset Management LLC lifted its stake in shares of Blue Owl Capital by 0.4% in the 1st quarter. Acadian Asset Management LLC now owns 511,834 shares of the company's stock valued at $7,871,000 after purchasing an additional 2,039 shares in the last quarter. Finally, Cercano Management LLC purchased a new position in Blue Owl Capital in the first quarter valued at approximately $5,932,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Insider Activity

In other news, Director Edward H. Dalelio acquired 2,500 shares of the company's stock in a transaction dated 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 purchase, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.12% of the company's stock.

Blue Owl Capital Stock Performance

OBDC stock traded up $0.07 during midday trading on Friday, reaching $14.89. The company had a trading volume of 1,206,133 shares, compared to its average volume of 1,943,855. 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 stock has a 50 day moving average price of $14.88 and a 200 day moving average price of $15.36. The firm has a market capitalization of $5.81 billion, a PE ratio of 9.25 and a beta of 0.86. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid 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 9.94%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.06. Blue Owl Capital's dividend payout ratio (DPR) is presently 91.93%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Raymond James lowered Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Wells Fargo & Company raised their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods lowered their target price on Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating for the company in a research note on Tuesday, August 20th. Truist Financial reduced their price target on Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating for the company in a report on Friday, August 9th. Finally, Compass Point upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Monday, August 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average target price of $16.07.

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.