Partners Group Holding AG Sells 69,935 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Partners Group Holding AG lessened its holdings in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 17.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 336,852 shares of the company's stock after selling 69,935 shares during the period. Partners Group Holding AG owned about 0.09% of Blue Owl Capital worth $4,908,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Partners acquired a new position in shares of Blue Owl Capital during the 1st quarter worth $15,010,000. Icon Wealth Advisors LLC lifted its holdings in shares of Blue Owl Capital by 3,524.0% during the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company's stock valued at $8,448,000 after buying an additional 563,800 shares during the last quarter. LSV Asset Management raised its stake in shares of Blue Owl Capital by 10.4% in the 2nd quarter. LSV Asset Management now owns 4,492,981 shares of the company's stock valued at $69,012,000 after acquiring an additional 423,934 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Blue Owl Capital by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company's stock valued at $112,754,000 after acquiring an additional 347,155 shares in the last quarter. Finally, Trinity Financial Advisors LLC increased its position in shares of Blue Owl Capital by 32.3% during the third quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company's stock valued at $12,471,000 after purchasing an additional 215,742 shares during the period. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Down 0.4 %

Shares of NYSE OBDC traded down $0.05 during midday trading on Tuesday, reaching $15.14. 1,754,166 shares of the company's stock were exchanged, compared to its average volume of 1,937,543. The stock has a market capitalization of $5.91 billion, a PE ratio of 9.43 and a beta of 0.86. The business's fifty day moving average price is $14.92 and its two-hundred day moving average price is $15.31. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.37 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.78%. Blue Owl Capital's dividend payout ratio is 91.93%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OBDC. Raymond James lowered shares of Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research 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 research report on Tuesday, November 19th. 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 report on Tuesday, October 29th. Keefe, Bruyette & Woods decreased their target price on 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. Finally, Compass Point raised Blue Owl Capital to a "strong-buy" rating in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.07.

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.