Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by nVerses Capital LLC

nVerses Capital LLC increased its stake in Blue Owl Capital Co. (NYSE:OBDC) by 19.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 9,700 shares of the company’s stock after buying an additional 1,600 shares during the period. nVerses Capital LLC’s holdings in Blue Owl Capital were worth $141,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Atomi Financial Group Inc. lifted its position in Blue Owl Capital by 5.5% during the first quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company’s stock valued at $215,000 after buying an additional 733 shares in the last quarter. Strategies Wealth Advisors LLC grew its stake in Blue Owl Capital by 2.7% during the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock worth $434,000 after buying an additional 745 shares during the period. Intellectus Partners LLC grew its stake in Blue Owl Capital by 0.7% during the second 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 period. Redhawk Wealth Advisors Inc. grew its stake in Blue Owl Capital by 2.0% during the second quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company’s stock worth $679,000 after buying an additional 881 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in Blue Owl Capital by 3.8% during the first quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company’s stock worth $381,000 after buying an additional 910 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Blue Owl Capital Trading Down 0.2 %

OBDC opened at $15.10 on Friday. The stock has a market capitalization of $5.88 billion, a PE ratio of 7.63 and a beta of 0.87. The firm’s fifty day moving average price is $14.80 and its 200 day moving average price is $15.45. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. Blue Owl Capital Co. has a 12-month low of $12.99 and a 12-month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $396.76 million for the quarter, compared to analysts’ expectations of $388.84 million. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. As a group, 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 announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.06 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date was Monday, September 30th. This represents a $0.24 annualized dividend and a yield of 1.59%. Blue Owl Capital’s payout ratio is presently 74.75%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Edward H. Dalelio bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the transaction, the director now directly owns 9,016 shares of the company’s stock, valued at approximately $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 available through this hyperlink. 0.12% of the stock is owned by insiders.

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.