Oppenheimer & Co. Inc. Increases Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Oppenheimer & Co. Inc. increased its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 17.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 393,397 shares of the company's stock after purchasing an additional 58,794 shares during the period. Oppenheimer & Co. Inc. owned approximately 0.10% of Blue Owl Capital worth $5,732,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in OBDC. Strategies Wealth Advisors LLC grew its stake in shares of Blue Owl Capital by 2.7% in the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company's stock valued at $434,000 after buying an additional 745 shares in the last quarter. Intellectus Partners LLC lifted its position in shares of Blue Owl Capital by 0.7% during the second quarter. Intellectus Partners LLC now owns 120,846 shares of the company's stock worth $1,901,000 after purchasing an additional 809 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its stake in shares of Blue Owl Capital by 2.0% in the second quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company's stock valued at $679,000 after purchasing an additional 881 shares during the period. CWM LLC grew its holdings 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 valued at $32,000 after purchasing an additional 1,032 shares in the last quarter. Finally, Certuity LLC increased its stake in Blue Owl Capital by 1.8% during the 2nd quarter. Certuity LLC now owns 62,858 shares of the company's stock worth $965,000 after buying an additional 1,083 shares during the period. Institutional investors and hedge funds own 42.83% of the company's stock.

Insider Buying and Selling

In related news, Director Edward H. Dalelio bought 2,500 shares of the stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the purchase, the director now owns 9,016 shares of the company's stock, valued at $135,420.32. This trade represents a 38.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.12% of the stock is owned by company insiders.

Blue Owl Capital Stock Performance

OBDC traded up $0.06 during trading on Friday, hitting $14.88. 653,982 shares of the stock were exchanged, compared to its average volume of 1,941,374. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The stock has a fifty day moving average price of $14.87 and a two-hundred day moving average price of $15.37. The firm has a market capitalization of $5.81 billion, a P/E ratio of 9.20 and a beta of 0.86.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.37 dividend. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 9.95%. Blue Owl Capital's dividend payout ratio is 91.93%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Truist Financial dropped 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 research note on Friday, August 9th. Royal Bank of Canada reissued an "outperform" rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 12th. Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, August 19th. Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $16.07.

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.