Verus Capital Partners LLC reduced its stake in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 78.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,672 shares of the company's stock after selling 158,722 shares during the period. Verus Capital Partners LLC's holdings in Blue Owl Capital were worth $636,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of OBDC. National Bank of Canada FI acquired a new position in Blue Owl Capital in the second quarter worth about $26,000. CWM LLC boosted its holdings in shares of Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company's stock valued at $32,000 after acquiring an additional 1,032 shares in the last quarter. Headlands Technologies LLC bought a new position in Blue Owl Capital during the 1st quarter worth approximately $40,000. Rothschild Investment LLC acquired a new stake in Blue Owl Capital in the second quarter worth $61,000. Finally, Zions Bancorporation N.A. bought a new position in shares of Blue Owl Capital during the second quarter valued at about $61,000. Hedge funds and other institutional investors own 42.83% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on OBDC. Compass Point raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, August 19th. Truist Financial dropped their price target on Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. Raymond James downgraded 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 restated an "outperform" rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Monday, August 12th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating for the company in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $16.07.
Check Out Our Latest Analysis on Blue Owl Capital
Blue Owl Capital Stock Up 0.5 %
Blue Owl Capital stock traded up $0.08 during trading hours on Wednesday, reaching $14.81. The stock had a trading volume of 1,172,753 shares, compared to its average volume of 1,948,544. 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 current ratio of 1.28 and a quick ratio of 1.28. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 9.20 and a beta of 0.86. The business's 50 day moving average price is $14.88 and its 200-day moving average price is $15.37.
Blue Owl Capital Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.37 dividend. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 9.99%. The ex-dividend date of this dividend is Tuesday, December 31st. Blue Owl Capital's dividend payout ratio (DPR) is 91.93%.
Insiders Place Their Bets
In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of $15.02 per share, with a total value of $37,550.00. Following the acquisition, the director now directly owns 9,016 shares of the company's stock, valued at $135,420.32. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is currently owned by company insiders.
About Blue Owl Capital
(
Free Report)
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.
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