Van ECK Associates Corp Raises Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Van ECK Associates Corp lifted its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,472,128 shares of the company's stock after acquiring an additional 347,155 shares during the quarter. Van ECK Associates Corp owned about 1.91% of Blue Owl Capital worth $112,754,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in OBDC. National Bank of Canada FI acquired a new position in Blue Owl Capital during the second quarter valued at approximately $26,000. CWM LLC lifted its position in Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company's stock worth $32,000 after acquiring an additional 1,032 shares during the last quarter. Headlands Technologies LLC bought a new stake in Blue Owl Capital during the first quarter valued at about $40,000. Rothschild Investment LLC acquired a new stake in shares of Blue Owl Capital in the second quarter valued at about $61,000. Finally, Zions Bancorporation N.A. bought a new stake in Blue Owl Capital during the 2nd quarter valued at approximately $61,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Insiders Place Their Bets

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 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 transaction, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.12% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on OBDC shares. Raymond James cut Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. Keefe, Bruyette & Woods cut their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating for the company in a research report on Tuesday, August 20th. Truist Financial cut their price target 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Monday, August 12th. Finally, Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.00.

Blue Owl Capital Stock Down 1.4 %

Shares of NYSE OBDC traded down $0.20 during mid-day trading on Monday, hitting $14.58. The company had a trading volume of 1,848,009 shares, compared to its average volume of 1,951,294. Blue Owl Capital Co. has a one year low of $13.81 and a one year high of $16.91. The company has a market capitalization of $5.69 billion, a PE ratio of 8.15 and a beta of 0.86. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. The firm has a 50-day simple moving average of $14.92 and a two-hundred day simple moving average of $15.42.

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, beating 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 return on equity of 12.66% and a net margin of 43.61%. On average, equities analysts expect that Blue Owl Capital Co. will post 1.91 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.06 per share. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Monday, September 30th. 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.