Blue Owl Capital Co. (NYSE:OBDC) is Muzinich & Co. Inc.'s 6th Largest Position

Muzinich & Co. Inc. lowered its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 11.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 632,954 shares of the company's stock after selling 78,770 shares during the period. Blue Owl Capital accounts for 6.5% of Muzinich & Co. Inc.'s investment portfolio, making the stock its 6th largest position. Muzinich & Co. Inc. owned 0.16% of Blue Owl Capital worth $9,222,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. National Bank of Canada FI acquired a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $26,000. CWM LLC increased its holdings in shares of Blue Owl Capital by 98.6% during the second quarter. CWM LLC now owns 2,079 shares of the company's stock valued at $32,000 after purchasing an additional 1,032 shares during the period. Headlands Technologies LLC acquired a new stake in Blue Owl Capital in the 1st quarter valued at about $40,000. Rothschild Investment LLC acquired a new position in Blue Owl Capital during the second quarter valued at $61,000. Finally, Zions Bancorporation N.A. bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at approximately $61,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Up 0.4 %

Shares of NYSE:OBDC traded up $0.06 during midday trading on Friday, reaching $14.88. The company had a trading volume of 1,206,795 shares, compared to its average volume of 1,555,127. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a fifty day simple moving average of $14.88 and a two-hundred day simple moving average of $15.36. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 9.24 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. Stockholders of record on Tuesday, December 31st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.95%. 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. Blue Owl Capital's dividend payout ratio is 91.93%.

Analyst Ratings Changes

OBDC has been the topic of several research reports. Compass Point upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, August 19th. Truist Financial cut their price objective on shares of Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. 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 decreased their price objective on 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, Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.07.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio purchased 2,500 shares of the company's stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price 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 approximately $135,420.32. This represents a 38.37 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.12% of the company's stock.

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.