64,000 Shares in Blue Owl Capital Co. (NYSE:OBDC) Acquired by Grove Bank & Trust

Grove Bank & Trust bought a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 64,000 shares of the company's stock, valued at approximately $932,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of OBDC. Van ECK Associates Corp raised its holdings in shares of Blue Owl Capital by 19.4% in the 1st 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 in the last quarter. LSV Asset Management increased its position in shares of Blue Owl Capital by 10.4% in 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. Sound Income Strategies LLC raised its stake in Blue Owl Capital by 4.8% in the third quarter. Sound Income Strategies LLC now owns 2,842,258 shares of the company's stock valued at $41,412,000 after purchasing an additional 130,181 shares in the last quarter. Sage Advisors LLC lifted its position in Blue Owl Capital by 6.7% during the second quarter. Sage Advisors LLC now owns 1,925,424 shares of the company's stock valued at $29,575,000 after purchasing an additional 120,115 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in 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 worth $26,297,000 after buying an additional 98,061 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of the business's stock in a transaction 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 completion of the acquisition, the director now owns 9,016 shares in the company, valued at $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Monday, August 12th. Compass Point upgraded Blue Owl Capital to a "strong-buy" rating in a report on Monday, August 19th. Raymond James lowered Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Truist Financial lowered their price objective on shares of Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating for the company in a report on Friday, August 9th. Finally, 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 on the stock in a report on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.94.

Blue Owl Capital Trading Up 0.8 %

Shares of OBDC stock traded up $0.12 during trading hours on Monday, reaching $14.98. The company's stock had a trading volume of 1,264,094 shares, compared to its average volume of 1,989,410. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $5.84 billion, a P/E ratio of 7.56 and a beta of 0.87. The firm's fifty day simple moving average is $14.76 and its 200 day simple moving average is $15.45. Blue Owl Capital Co. has a one year low of $12.99 and a one year high of $16.91.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued 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. The business had revenue of $396.76 million for 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%. Equities research analysts expect that Blue Owl Capital Co. will post 1.91 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.06 dividend. This is an increase 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 dividend on an annualized basis and a yield of 1.60%. Blue Owl Capital's dividend payout ratio is 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.