Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC raised its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 4.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,842,258 shares of the company's stock after purchasing an additional 130,181 shares during the quarter. Blue Owl Capital accounts for approximately 2.7% of Sound Income Strategies LLC's portfolio, making the stock its 6th largest holding. Sound Income Strategies LLC owned about 0.73% of Blue Owl Capital worth $41,412,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. National Bank of Canada FI acquired a new stake in Blue Owl Capital during the 2nd quarter valued at approximately $26,000. CWM LLC grew its position in shares of Blue Owl Capital by 98.6% in the 2nd quarter. CWM LLC now owns 2,079 shares of the company's stock worth $32,000 after acquiring an additional 1,032 shares in the last quarter. Newbridge Financial Services Group Inc. acquired a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $38,000. Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital in the 1st quarter worth approximately $40,000. Finally, Retirement Group LLC grew its position 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 worth $48,000 after acquiring an additional 2,125 shares in the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of OBDC stock traded down $0.05 during trading hours on Friday, hitting $14.85. 1,240,952 shares of the company were exchanged, compared to its average volume of 1,993,091. The firm has a fifty day simple moving average of $14.75 and a 200 day simple moving average of $15.46. 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 Co. has a 52-week low of $12.99 and a 52-week high of $16.91. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 7.50 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share (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 firm had revenue of $396.76 million for the quarter, compared to analysts' expectations of $388.84 million. Research analysts predict that Blue Owl Capital Co. will post 1.91 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed 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. 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. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. Blue Owl Capital's dividend payout ratio is 74.75%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OBDC. Keefe, Bruyette & Woods reduced 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 report on Tuesday, August 20th. 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. Compass Point upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, August 19th. Truist Financial lowered their target price on Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Finally, Wells Fargo & Company reduced their price target on Blue Owl Capital from $15.50 to $14.00 and set an "underweight" rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.94.

Insider Transactions at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 2,500 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, August 27th. The shares were bought 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 of the company's stock, valued at approximately $135,420.32. This represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.12% of the company's stock.

Blue Owl Capital 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.