Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd cut its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 22.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,400,000 shares of the company’s stock after selling 400,000 shares during the period. Border to Coast Pensions Partnership Ltd owned 0.36% of Blue Owl Capital worth $20,338,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OBDC. National Bank of Canada FI acquired a new position in shares of Blue Owl Capital during the 2nd quarter valued at $26,000. CWM LLC boosted its position 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 worth $32,000 after buying an additional 1,032 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $40,000. Retirement Group LLC raised its holdings in shares of Blue Owl Capital by 216.8% during the 1st quarter. Retirement Group LLC now owns 3,105 shares of the company’s stock valued at $48,000 after buying an additional 2,125 shares during the period. Finally, Rothschild Investment LLC acquired a new position in Blue Owl Capital during the 2nd quarter worth approximately $61,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OBDC. Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating for the company in a research note on Friday, August 9th. Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Truist Financial decreased 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 report on Friday, August 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.94.

Insider Activity at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 2,500 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the transaction, the director now directly owns 9,016 shares in the company, valued at approximately $135,420.32. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE OBDC traded up $0.09 during trading hours on Monday, hitting $15.19. The company had a trading volume of 772,679 shares, compared to its average volume of 1,976,572. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The business has a fifty day simple moving average of $14.80 and a 200-day simple moving average of $15.45. The firm has a market cap of $5.92 billion, a P/E ratio of 7.63 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The firm had revenue of $396.76 million during the quarter, compared to analysts’ expectations of $388.84 million. Equities analysts predict that Blue Owl Capital Co. will post 1.91 EPS for the current year.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.58%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, September 30th. Blue Owl Capital’s dividend payout ratio is presently 74.75%.

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.