Blue Owl Capital Co. (NYSE:OBDC) Position Lessened by Diversify Advisory Services LLC

Diversify Advisory Services LLC lessened its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 33.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 80,847 shares of the company's stock after selling 40,000 shares during the quarter. Diversify Advisory Services LLC's holdings in Blue Owl Capital were worth $1,230,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Citizens Financial Group Inc. RI bought a new position in Blue Owl Capital in the first quarter valued at approximately $1,311,000. Cetera Investment Advisers increased its stake in shares of Blue Owl Capital by 154.4% in the 1st quarter. Cetera Investment Advisers now owns 111,707 shares of the company's stock valued at $1,718,000 after purchasing an additional 67,799 shares during the last quarter. Entropy Technologies LP raised its position in Blue Owl Capital by 120.3% in the first quarter. Entropy Technologies LP now owns 102,083 shares of the company's stock valued at $1,570,000 after purchasing an additional 55,755 shares during the last quarter. Granite FO LLC acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at about $1,226,000. Finally, Valeo Financial Advisors LLC acquired a new stake in Blue Owl Capital in the first quarter valued at approximately $1,000,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Trading Up 0.4 %

Shares of Blue Owl Capital stock traded up $0.06 during midday trading on Wednesday, reaching $15.14. The company had a trading volume of 785,873 shares, compared to its average volume of 1,952,133. Blue Owl Capital Co. has a fifty-two week low of $13.15 and a fifty-two week high of $16.91. The stock has a fifty day moving average price of $14.90 and a 200 day moving average price of $15.43. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $5.91 billion, a PE ratio of 8.46 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 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $396.76 million for 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 analysts anticipate that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Blue Owl Capital Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Royal Bank of Canada restated an "outperform" rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Keefe, Bruyette & Woods reduced their price target on 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. Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Monday, August 19th. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a report on Tuesday. Finally, Raymond James cut Blue Owl Capital from an "outperform" rating to a "market perform" rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $16.00.

Insider Activity

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost 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 of the company's stock, valued at approximately $135,420.32. The trade was a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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.