Blue Owl Capital Co. (NYSE:OBDC) Shares Bought by Stephens Inc. AR

Stephens Inc. AR lifted its position in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 4.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,219,576 shares of the company's stock after buying an additional 132,386 shares during the period. Blue Owl Capital makes up about 0.7% of Stephens Inc. AR's holdings, making the stock its 26th biggest holding. Stephens Inc. AR owned 0.83% of Blue Owl Capital worth $46,909,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OBDC. Atomi Financial Group Inc. increased its position in shares of Blue Owl Capital by 5.5% in the first quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company's stock worth $215,000 after acquiring an additional 733 shares in the last quarter. Strategies Wealth Advisors LLC increased its holdings in Blue Owl Capital by 2.7% in the 2nd quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company's stock valued at $434,000 after purchasing an additional 745 shares in the last quarter. Intellectus Partners LLC raised its position in Blue Owl Capital by 0.7% in the second quarter. Intellectus Partners LLC now owns 120,846 shares of the company's stock valued at $1,901,000 after purchasing an additional 809 shares during the period. Redhawk Wealth Advisors Inc. lifted its stake in shares of Blue Owl Capital by 2.0% during the second quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company's stock worth $679,000 after purchasing an additional 881 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Blue Owl Capital by 98.6% in the second quarter. CWM LLC now owns 2,079 shares of the company's stock worth $32,000 after buying an additional 1,032 shares during the period. Institutional investors and hedge funds own 42.83% of the company's stock.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares in the company, valued at $135,420.32. The trade was 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. Insiders own 0.12% of the company's stock.

Blue Owl Capital Stock Down 1.6 %

Blue Owl Capital stock traded down $0.24 during midday trading on Friday, hitting $14.80. The stock had a trading volume of 1,932,818 shares, compared to its average volume of 1,951,782. The business has a fifty day moving average price of $14.92 and a 200 day moving average price of $15.43. Blue Owl Capital Co. has a 12 month low of $13.60 and a 12 month high of $16.91. The stock has a market cap of $5.78 billion, a P/E ratio of 8.27 and a beta of 0.87. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24.

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 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 business had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. Research 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 announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.05. The ex-dividend date was Monday, September 30th. Blue Owl Capital's dividend payout ratio is 82.68%.

Wall Street Analyst Weigh In

OBDC has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price 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. Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a research report on Tuesday. Truist Financial lowered their price target 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. 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. Finally, Raymond James downgraded Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

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.