Sage Advisors LLC Increases Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Sage Advisors LLC grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 3.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,996,927 shares of the company's stock after buying an additional 71,503 shares during the period. Blue Owl Capital makes up 22.9% of Sage Advisors LLC's portfolio, making the stock its biggest position. Sage Advisors LLC owned approximately 0.51% of Blue Owl Capital worth $29,095,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Buying and Selling

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares in the company, valued at $135,420.32. This represents a 38.37 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is owned by insiders.

Blue Owl Capital Stock Up 0.4 %

OBDC stock traded up $0.06 during midday trading on Friday, hitting $14.88. The company's stock had a trading volume of 1,206,795 shares, compared to its average volume of 1,555,127. 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 52-week low of $13.98 and a 52-week high of $16.91. The firm has a market capitalization of $5.81 billion, a P/E ratio of 9.24 and a beta of 0.86. The firm has a 50-day simple moving average of $14.88 and a 200-day simple moving average of $15.36.

Blue Owl Capital Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on OBDC shares. Raymond James lowered Blue Owl Capital from an "outperform" rating to a "market perform" rating in a report on Friday, August 9th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Monday, August 12th. Wells Fargo & Company lifted their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods decreased their price objective on 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. Finally, Truist Financial decreased their price objective on Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating on the stock in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.07.

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.