XTX Topco Ltd Purchases New Stake in Blue Owl Capital Co. (NYSE:OBDC)

XTX Topco Ltd purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 44,524 shares of the company's stock, valued at approximately $684,000.

Several other large investors have also made changes to their positions in OBDC. Atomi Financial Group Inc. grew its position in Blue Owl Capital by 5.5% in the first 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 grew its holdings in shares of Blue Owl Capital by 2.7% during the 2nd 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 during the last quarter. Intellectus Partners LLC increased its position in Blue Owl Capital by 0.7% during the 2nd quarter. Intellectus Partners LLC now owns 120,846 shares of the company's stock worth $1,901,000 after purchasing an additional 809 shares in the last quarter. Redhawk Wealth Advisors Inc. lifted its stake in Blue Owl Capital by 2.0% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company's stock valued at $679,000 after purchasing an additional 881 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its position in Blue Owl Capital by 3.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company's stock valued at $381,000 after buying an additional 910 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on OBDC shares. Wells Fargo & Company dropped their price target on Blue Owl Capital from $15.50 to $14.00 and set an "underweight" rating for the company in a research note on Friday, August 9th. Raymond James downgraded 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 report on Monday, August 12th. Keefe, Bruyette & Woods lowered their price objective 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. Finally, Truist Financial cut their target price 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. 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 given a strong buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has an average rating of "Moderate Buy" and a consensus price target of $15.94.

Blue Owl Capital Price Performance

Blue Owl Capital stock remained flat at $14.95 during mid-day trading on Monday. 1,864,378 shares of the company's stock traded hands, compared to its average volume of 2,003,625. The firm has a market capitalization of $5.83 billion, a PE ratio of 7.55 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 company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. The firm's 50 day moving average price is $14.95 and its two-hundred day moving average price is $15.51.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. The business had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. As a group, analysts forecast that Blue Owl Capital Co. will post 1.93 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.06 per share. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.61%. Blue Owl Capital's dividend payout ratio is presently 74.75%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 2,500 shares of the company's stock in a transaction on 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 completion of the purchase, the director now owns 9,016 shares in the company, valued at $135,420.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.12% of the stock is currently owned by insiders.

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.