Sanctuary Advisors LLC Acquires New Shares in Blue Owl Capital Co. (NYSE:OBDC)

Sanctuary Advisors LLC purchased a new position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 167,408 shares of the company's stock, valued at approximately $2,667,000.

Several other large investors also recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at approximately $26,000. CWM LLC boosted its stake in Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company's stock valued at $32,000 after acquiring an additional 1,032 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Blue Owl Capital during the 4th quarter worth $38,000. Headlands Technologies LLC bought a new stake in shares of Blue Owl Capital in the 1st quarter worth about $40,000. Finally, Retirement Group LLC raised its stake in shares of Blue Owl Capital by 216.8% in the 1st quarter. Retirement Group LLC now owns 3,105 shares of the company's stock valued at $48,000 after purchasing an additional 2,125 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on OBDC shares. Royal Bank of Canada reiterated an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Monday, August 12th. Wells Fargo & Company dropped their target price on shares of Blue Owl Capital from $15.50 to $14.00 and set an "underweight" rating on the stock in a report on Friday, August 9th. Keefe, Bruyette & Woods decreased their price target on shares of 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. Raymond James lowered shares of Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research note on Friday, August 9th. Finally, Compass Point upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Moderate Buy" and a consensus target price of $15.94.

Insiders Place Their Bets

In other news, Director Edward H. Dalelio purchased 2,500 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the transaction, the director now owns 9,016 shares in the company, valued at $135,420.32. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.12% of the company's stock.

Blue Owl Capital Price Performance

Shares of NYSE OBDC traded up $0.02 during midday trading on Tuesday, reaching $14.85. The company's stock had a trading volume of 1,660,507 shares, compared to its average volume of 2,002,261. Blue Owl Capital Co. has a one year low of $12.99 and a one year high of $16.91. The company has a market cap of $5.79 billion, a price-to-earnings ratio of 7.48 and a beta of 0.87. The company has a 50 day moving average price of $14.80 and a 200 day moving average price of $15.47. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. The company had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. On average, equities research analysts expect that Blue Owl Capital Co. will post 1.91 EPS for the current 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 1.62%. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.05. Blue Owl Capital's dividend payout ratio (DPR) is currently 74.75%.

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.