Raymond James & Associates Purchases 130,808 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Raymond James & Associates grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 15.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 955,598 shares of the company's stock after purchasing an additional 130,808 shares during the quarter. Raymond James & Associates owned approximately 0.25% of Blue Owl Capital worth $13,923,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Atomi Financial Group Inc. boosted its stake in shares of Blue Owl Capital by 5.5% during the first quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company's stock valued at $215,000 after purchasing an additional 733 shares during the period. Strategies Wealth Advisors LLC lifted its stake in Blue Owl Capital by 2.7% in the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company's stock worth $434,000 after acquiring an additional 745 shares during the period. Intellectus Partners LLC lifted its stake in Blue Owl Capital by 0.7% in the second quarter. Intellectus Partners LLC now owns 120,846 shares of the company's stock worth $1,901,000 after acquiring an additional 809 shares during the period. Redhawk Wealth Advisors Inc. lifted its stake in Blue Owl Capital by 2.0% in the second quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company's stock worth $679,000 after acquiring an additional 881 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its stake in Blue Owl Capital by 3.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company's stock worth $381,000 after acquiring an additional 910 shares during the period. Hedge funds and other institutional investors own 42.83% of the company's stock.

Analysts Set New Price Targets

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

Insider Activity

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

Blue Owl Capital Stock Up 1.0 %

Shares of NYSE:OBDC traded up $0.15 on Monday, hitting $15.31. 1,105,906 shares of the company traded hands, compared to its average volume of 1,959,767. Blue Owl Capital Co. has a 52 week low of $13.08 and a 52 week high of $16.91. 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 stock has a 50 day simple moving average of $14.89 and a 200-day simple moving average of $15.43. The company has a market cap of $5.97 billion, a PE ratio of 8.55 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The firm had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. As a group, research analysts expect that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend 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 dividend yield of 1.57%. Blue Owl Capital's dividend payout ratio (DPR) is presently 82.68%.

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.