Sage Advisors LLC Acquires 120,115 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Sage Advisors LLC grew its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 6.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,925,424 shares of the company's stock after acquiring an additional 120,115 shares during the period. Blue Owl Capital accounts for 24.0% of Sage Advisors LLC's portfolio, making the stock its largest holding. Sage Advisors LLC owned about 0.49% of Blue Owl Capital worth $29,575,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp raised its stake in shares of Blue Owl Capital by 19.4% in the first quarter. Van ECK Associates Corp now owns 8,150,533 shares of the company's stock valued at $125,355,000 after acquiring an additional 1,326,277 shares during the last quarter. LSV Asset Management grew its holdings in Blue Owl Capital by 10.4% during the 2nd quarter. LSV Asset Management now owns 4,492,981 shares of the company's stock worth $69,012,000 after acquiring an additional 423,934 shares during the period. Stephens Inc. AR acquired a new stake in Blue Owl Capital during the 4th quarter worth $45,575,000. Sound Income Strategies LLC grew its holdings in shares of Blue Owl Capital by 4.2% in the 2nd quarter. Sound Income Strategies LLC now owns 2,712,077 shares of the company's stock valued at $41,658,000 after buying an additional 108,485 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Blue Owl Capital by 6.1% in 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 during the period. Institutional investors own 42.83% of the company's stock.

Insider Activity 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, for a total transaction of $37,550.00. Following the purchase, the director now owns 9,016 shares in the company, valued at $135,420.32. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.12% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of 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. Keefe, Bruyette & Woods reduced their target price on shares of 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 target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, August 19th. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of "Moderate Buy" and an average price target of $15.94.

Blue Owl Capital Stock Performance

Shares of OBDC stock traded up $0.27 on Thursday, reaching $14.74. The stock had a trading volume of 1,783,305 shares, compared to its average volume of 2,004,835. 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 is $14.84 and its two-hundred day moving average is $15.48. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 7.40 and a beta of 0.87. Blue Owl Capital Co. has a 12 month low of $12.99 and a 12 month high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly 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 net margin of 43.61% and a return on equity of 12.66%. The business had revenue of $396.76 million for the quarter, compared to analyst estimates of $388.84 million. On average, research analysts expect that Blue Owl Capital Co. will post 1.91 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.63%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.05. Blue Owl Capital's dividend payout ratio is 74.75%.

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.