Janney Montgomery Scott LLC Sells 218,233 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Janney Montgomery Scott LLC decreased its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 11.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,738,744 shares of the company's stock after selling 218,233 shares during the period. Janney Montgomery Scott LLC owned 0.45% of Blue Owl Capital worth $25,334,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Chicago Partners Investment Group LLC raised its stake in shares of Blue Owl Capital by 3.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 538,511 shares of the company's stock worth $8,126,000 after purchasing an additional 19,280 shares during the period. Farther Finance Advisors LLC increased its holdings in Blue Owl Capital by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 12,987 shares of the company's stock worth $189,000 after buying an additional 3,998 shares during the last quarter. Stephens Inc. AR boosted its stake in Blue Owl Capital by 4.3% in the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company's stock valued at $46,909,000 after acquiring an additional 132,386 shares during the last quarter. US Bancorp DE increased its stake in shares of Blue Owl Capital by 226.3% during the 3rd quarter. US Bancorp DE now owns 18,988 shares of the company's stock worth $277,000 after purchasing an additional 13,168 shares during the last quarter. Finally, Golden State Equity Partners raised its holdings in shares of Blue Owl Capital by 4.4% in the 3rd quarter. Golden State Equity Partners now owns 44,452 shares of the company's stock worth $648,000 after purchasing an additional 1,887 shares during the period. Institutional investors own 42.83% of the company's stock.

Analyst Ratings Changes

OBDC has been the subject of several research reports. Keefe, Bruyette & Woods reduced their price objective on Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating for the company in a 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 research note on Friday, August 9th. Compass Point upgraded Blue Owl Capital to a "strong-buy" rating in a research note on Monday, August 19th. Wells Fargo & Company increased 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, October 29th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Blue Owl Capital has an average rating of "Moderate Buy" and an average price target of $16.00.

Insider Buying and Selling

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 completion of the purchase, the director now owns 9,016 shares of the company's stock, valued at approximately $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.12% of the stock is owned by company insiders.

Blue Owl Capital Price Performance

Shares of OBDC traded up $0.09 during midday trading on Tuesday, reaching $14.67. The stock had a trading volume of 1,754,346 shares, compared to its average volume of 1,950,375. Blue Owl Capital Co. has a 12-month low of $13.81 and a 12-month high of $16.91. 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 company's 50-day moving average is $14.91 and its 200 day moving average is $15.42. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 8.15 and a beta of 0.86.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The company had revenue of $396.76 million during the quarter, compared to analyst estimates of $388.84 million. On average, equities analysts predict that Blue Owl Capital Co. will post 1.91 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.06 dividend. The ex-dividend date was Monday, September 30th. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.05. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.64%. Blue Owl Capital's dividend payout ratio is currently 82.68%.

About Blue Owl Capital

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.