Oppenheimer & Co. Inc. Sells 159,737 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Oppenheimer & Co. Inc. trimmed its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 32.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,603 shares of the company’s stock after selling 159,737 shares during the quarter. Oppenheimer & Co. Inc. owned about 0.09% of Blue Owl Capital worth $5,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of OBDC. Stephens Inc. AR purchased a new stake in Blue Owl Capital during the 4th quarter valued at about $45,575,000. Van ECK Associates Corp grew its holdings in shares of Blue Owl Capital by 19.4% during the first quarter. Van ECK Associates Corp now owns 8,150,533 shares of the company’s stock valued at $125,355,000 after buying an additional 1,326,277 shares during the last quarter. Johnson Financial Group Inc. bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at approximately $19,635,000. Goldman Sachs Group Inc. purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $16,207,000. Finally, Corient Private Wealth LLC bought a new position in Blue Owl Capital in the 4th quarter valued at approximately $14,919,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Up 0.5 %

Shares of Blue Owl Capital stock opened at $14.80 on Friday. Blue Owl Capital Co. has a 1-year low of $12.99 and a 1-year high of $16.91. The company’s fifty day simple moving average is $15.02 and its 200-day simple moving average is $15.51. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $5.77 billion, a PE ratio of 7.47 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last released 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. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. The business had revenue of $396.76 million during the quarter, compared to analyst estimates of $388.84 million. As a group, equities analysts anticipate that Blue Owl Capital Co. will post 1.93 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.06 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date is Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.62%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 74.75%.

Insiders Place Their Bets

In other news, Director Edward H. Dalelio bought 2,500 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the purchase, the director now owns 9,016 shares in the company, valued at $135,420.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.12% of the company’s stock.

Analyst Upgrades and Downgrades

OBDC has been the subject of several recent analyst reports. Truist Financial decreased their price target on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 12th. Finally, Wells Fargo & Company cut 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 report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.94.

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.