International Assets Investment Management LLC Makes New Investment in Blue Owl Capital Co. (NYSE:OBDC)

International Assets Investment Management LLC purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the third quarter, Holdings Channel reports. The firm purchased 87,945 shares of the company’s stock, valued at approximately $12,810,000.

A number of other hedge funds also recently bought and sold shares of the business. Private Advisor Group LLC boosted its position in Blue Owl Capital by 4.1% during the third quarter. Private Advisor Group LLC now owns 153,811 shares of the company’s stock worth $2,241,000 after purchasing an additional 5,993 shares in the last quarter. Raymond James & Associates boosted its position in Blue Owl Capital by 15.9% during the third quarter. Raymond James & Associates now owns 955,598 shares of the company’s stock worth $13,923,000 after purchasing an additional 130,808 shares in the last quarter. Quad Cities Investment Group LLC purchased a new position in Blue Owl Capital during the third quarter worth approximately $148,000. nVerses Capital LLC boosted its position in Blue Owl Capital by 19.8% during the third quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Naviter Wealth LLC boosted its position in Blue Owl Capital by 3.8% during the third quarter. Naviter Wealth LLC now owns 331,729 shares of the company’s stock worth $4,956,000 after purchasing an additional 12,141 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. 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 research report on Tuesday. Truist Financial reduced their target price 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. Keefe, Bruyette & Woods reduced their target price on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a report on Tuesday, August 20th. Raymond James cut Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Compass Point raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.00.

Insider Buying and Selling

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of the stock in a transaction that occurred 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 transaction, the director now owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.12% of the stock is currently owned by company insiders.

Blue Owl Capital Price Performance

NYSE:OBDC opened at $15.13 on Thursday. Blue Owl Capital Co. has a one year low of $13.15 and a one year high of $16.91. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $5.90 billion, a PE ratio of 8.45 and a beta of 0.87. The stock has a 50 day moving average price of $14.90 and a 200 day moving average price of $15.43.

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

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.59%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, September 30th. Blue Owl Capital’s dividend payout ratio is presently 82.68%.

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.