Tectonic Advisors LLC Purchases 93,478 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Tectonic Advisors LLC grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 21.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 528,492 shares of the company's stock after purchasing an additional 93,478 shares during the period. Tectonic Advisors LLC owned approximately 0.14% of Blue Owl Capital worth $7,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Blue Owl Capital by 8.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 235,890 shares of the company's stock valued at $3,437,000 after purchasing an additional 19,177 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth about $12,810,000. Private Advisor Group LLC raised its holdings in shares of Blue Owl Capital by 4.1% in the 3rd quarter. Private Advisor Group LLC now owns 153,811 shares of the company's stock worth $2,241,000 after acquiring an additional 5,993 shares during the last quarter. Raymond James & Associates raised its holdings in shares of Blue Owl Capital by 15.9% in the 3rd quarter. Raymond James & Associates now owns 955,598 shares of the company's stock worth $13,923,000 after acquiring an additional 130,808 shares during the last quarter. Finally, Quad Cities Investment Group LLC acquired a new stake in shares of Blue Owl Capital in the 3rd quarter worth about $148,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.06 on Friday, reaching $15.14. 1,101,607 shares of the company traded hands, compared to its average volume of 1,963,892. Blue Owl Capital Co. has a 52 week low of $12.99 and a 52 week high of $16.91. The company has a 50 day moving average of $14.88 and a 200 day moving average of $15.44. The firm has a market capitalization of $5.91 billion, a PE ratio of 8.46 and a beta of 0.87. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate 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 net margin of 43.61% and a return on equity of 12.66%. Equities analysts forecast that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.06 dividend. The ex-dividend date was Monday, September 30th. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.59%. Blue Owl Capital's dividend payout ratio (DPR) is 82.68%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average cost of $15.02 per share, with a total value of $37,550.00. Following the acquisition, the director now owns 9,016 shares in the company, valued at approximately $135,420.32. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

OBDC has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lowered 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. Raymond James lowered shares of Blue Owl Capital from an "outperform" rating to a "market perform" rating in a report on Friday, August 9th. Wells Fargo & Company lowered 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. Compass Point upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, August 19th. Finally, Truist Financial decreased 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 research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and a consensus target price of $15.94.

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.