International Assets Investment Management LLC Invests $12.81 Million in Blue Owl Capital Co. (NYSE:OBDC)

International Assets Investment Management LLC bought a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 87,945 shares of the company's stock, valued at approximately $12,810,000.

Several other hedge funds also recently added to or reduced their stakes in OBDC. Private Advisor Group LLC lifted 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 valued at $2,241,000 after buying an additional 5,993 shares during the period. Raymond James & Associates raised its position in Blue Owl Capital by 15.9% during the third quarter. Raymond James & Associates now owns 955,598 shares of the company's stock valued at $13,923,000 after acquiring an additional 130,808 shares in the last quarter. Quad Cities Investment Group LLC acquired a new position in Blue Owl Capital in the third quarter valued at approximately $148,000. nVerses Capital LLC boosted its position in Blue Owl Capital by 19.8% in the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company's stock worth $141,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Naviter Wealth LLC grew its stake in shares of Blue Owl Capital by 3.8% during the 3rd quarter. Naviter Wealth LLC now owns 331,729 shares of the company's stock worth $4,956,000 after purchasing an additional 12,141 shares during the period. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded down $0.09 during mid-day trading on Thursday, reaching $15.04. 1,500,020 shares of the stock traded hands, compared to its average volume of 1,951,871. 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 business has a 50-day moving average of $14.91 and a 200 day moving average of $15.43. The stock has a market capitalization of $5.87 billion, a PE ratio of 8.38 and a beta of 0.87. Blue Owl Capital Co. has a fifty-two week low of $13.15 and a fifty-two week high of $16.91.

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

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.06 per share. The ex-dividend date was Monday, September 30th. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a yield of 1.60%. Blue Owl Capital's payout ratio is presently 82.68%.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 2,500 shares of the business's stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average price of $15.02 per share, with a total value 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 purchase was disclosed in a legal filing with the SEC, which is available through this link. 0.12% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on OBDC. Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, August 19th. Truist Financial lowered their target price on shares of 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. Raymond James lowered Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research note on Friday, August 9th. Wells Fargo & Company increased their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a research report on Tuesday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 12th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

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.