Quantbot Technologies LP Sells 143,879 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Quantbot Technologies LP lessened its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 87.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,576 shares of the company's stock after selling 143,879 shares during the period. Quantbot Technologies LP's holdings in Blue Owl Capital were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of OBDC. National Bank of Canada FI acquired a new stake in shares of Blue Owl Capital in the 2nd quarter valued at about $26,000. CWM LLC boosted 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. Rothschild Investment LLC bought a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $61,000. Zions Bancorporation N.A. acquired a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $61,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Blue Owl Capital by 604.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company's stock worth $65,000 after purchasing an additional 3,580 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OBDC has been the subject of several analyst reports. Truist Financial decreased their price objective 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. Wells Fargo & Company raised their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Monday, August 19th. Finally, 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $16.07.

Blue Owl Capital Stock Performance

OBDC stock traded down $0.09 during midday trading on Thursday, reaching $15.33. 1,737,390 shares of the company were exchanged, compared to its average volume of 1,944,893. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. The firm has a market capitalization of $5.98 billion, a price-to-earnings ratio of 9.52 and a beta of 0.85. The business has a 50-day moving average price of $14.99 and a two-hundred day moving average price of $15.26. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.65%. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.06. Blue Owl Capital's dividend payout ratio is 91.93%.

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.