MQS Management LLC Invests $956,000 in Blue Owl Capital Co. (NYSE:OBDC)

MQS Management LLC acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 62,228 shares of the company's stock, valued at approximately $956,000. Blue Owl Capital makes up about 0.6% of MQS Management LLC's investment portfolio, making the stock its 10th largest position.

Several other large investors have also added to or reduced their stakes in the stock. Van ECK Associates Corp grew its holdings in shares of Blue Owl Capital by 19.4% during the first quarter. Van ECK Associates Corp now owns 8,150,533 shares of the company's stock worth $125,355,000 after purchasing an additional 1,326,277 shares in the last quarter. LSV Asset Management lifted its stake in Blue Owl Capital by 10.4% during the second quarter. LSV Asset Management now owns 4,492,981 shares of the company's stock worth $69,012,000 after purchasing an additional 423,934 shares during the last quarter. Stephens Inc. AR purchased a new position in shares of Blue Owl Capital in the 4th quarter worth about $45,575,000. Sound Income Strategies LLC increased its position in shares of Blue Owl Capital by 4.2% during the 2nd quarter. Sound Income Strategies LLC now owns 2,712,077 shares of the company's stock valued at $41,658,000 after purchasing an additional 108,485 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Blue Owl Capital by 6.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,709,801 shares of the company's stock valued at $26,297,000 after buying an additional 98,061 shares in the last quarter. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Trading Up 0.9 %

OBDC traded up $0.14 during midday trading on Thursday, reaching $14.93. 1,421,494 shares of the company's stock traded hands, compared to its average volume of 2,005,524. The stock has a market capitalization of $5.82 billion, a price-to-earnings ratio of 7.53 and a beta of 0.87. Blue Owl Capital Co. has a 52 week low of $12.99 and a 52 week high of $16.91. The firm has a fifty day moving average of $14.97 and a two-hundred day moving average of $15.51. 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 (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. On average, equities analysts anticipate that Blue Owl Capital Co. will post 1.93 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.05. Blue Owl Capital's dividend payout ratio (DPR) is presently 74.75%.

Analysts Set New Price Targets

OBDC has been the topic of a number of recent research reports. Compass Point upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, August 19th. Raymond James cut shares of Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Royal Bank of Canada restated an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. Truist Financial decreased their price objective on Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Finally, Keefe, Bruyette & Woods dropped their target price on Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating for the company in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and an average price target of $15.94.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of Blue Owl Capital stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average cost 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 $135,420.32. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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.