Blue Owl Capital Co. (NYSE:OBDC) Short Interest Down 23.4% in October

Blue Owl Capital Co. (NYSE:OBDC - Get Free Report) saw a significant decline in short interest in October. As of October 15th, there was short interest totalling 4,190,000 shares, a decline of 23.4% from the September 30th total of 5,470,000 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average daily volume of 1,940,000 shares, the days-to-cover ratio is currently 2.2 days.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased 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. Raymond James lowered Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Truist Financial dropped 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. Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 12th. Finally, Compass Point upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $15.94.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of $15.02 per share, with a total value of $37,550.00. Following the purchase, the director now directly owns 9,016 shares in the company, valued at $135,420.32. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company's stock.

Hedge Funds Weigh In On Blue Owl Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atomi Financial Group Inc. increased its stake in shares of Blue Owl Capital by 5.5% in the 1st quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company's stock valued at $215,000 after acquiring an additional 733 shares during the last quarter. Strategies Wealth Advisors LLC increased its stake in Blue Owl Capital by 2.7% in the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company's stock valued at $434,000 after purchasing an additional 745 shares in the last quarter. Intellectus Partners LLC raised its holdings in Blue Owl Capital by 0.7% in the second quarter. Intellectus Partners LLC now owns 120,846 shares of the company's stock worth $1,901,000 after purchasing an additional 809 shares during the period. Redhawk Wealth Advisors Inc. raised its holdings in Blue Owl Capital by 2.0% in the second quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company's stock worth $679,000 after purchasing an additional 881 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its position in shares of Blue Owl Capital by 3.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company's stock worth $381,000 after purchasing an additional 910 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Trading Down 0.3 %

Shares of OBDC stock traded down $0.05 on Friday, reaching $15.15. 1,101,608 shares of the stock were exchanged, compared to its average volume of 1,963,892. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. Blue Owl Capital has a one year low of $12.99 and a one year high of $16.91. The stock has a market cap of $5.91 billion, a PE ratio of 8.46 and a beta of 0.87. The stock has a 50 day moving average price of $14.88 and a 200 day moving average price of $15.44.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The firm had revenue of $396.76 million during the quarter, compared to analysts' expectations of $388.84 million. Equities research analysts forecast that Blue Owl Capital will post 1.91 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.06 dividend. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.58%. The ex-dividend date was Monday, September 30th. Blue Owl Capital's dividend payout ratio is currently 82.68%.

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.