Farther Finance Advisors LLC Boosts Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Farther Finance Advisors LLC increased its stake in Blue Owl Capital Co. (NYSE:OBDC) by 44.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,987 shares of the company’s stock after acquiring an additional 3,998 shares during the period. Farther Finance Advisors LLC’s holdings in Blue Owl Capital were worth $189,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Atomi Financial Group Inc. increased its position in shares of 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 during the period. Verus Capital Partners LLC boosted its stake in shares of Blue Owl Capital by 10.3% in the 1st quarter. Verus Capital Partners LLC now owns 181,367 shares of the company’s stock worth $2,789,000 after buying an additional 16,967 shares during the last quarter. Headlands Technologies LLC bought a new position in shares of Blue Owl Capital in the 1st quarter worth approximately $40,000. Tranquility Partners LLC increased its stake in shares of Blue Owl Capital by 3.0% in the 1st quarter. Tranquility Partners LLC now owns 164,964 shares of the company’s stock worth $2,537,000 after purchasing an additional 4,819 shares in the last quarter. Finally, Bleakley Financial Group LLC raised its stake in Blue Owl Capital by 56.5% during the 1st quarter. Bleakley Financial Group LLC now owns 17,564 shares of the company’s stock worth $270,000 after acquiring an additional 6,344 shares during the period. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 2,500 shares of Blue Owl Capital stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the purchase, the director now directly owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC opened at $14.78 on Friday. Blue Owl Capital Co. has a 1 year low of $13.90 and a 1 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 company’s fifty day moving average price is $14.89 and its 200 day moving average price is $15.40. The company has a market capitalization of $5.77 billion, a PE ratio of 9.18 and a beta of 0.86.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 38.99% and a return on equity of 12.57%. The business had revenue of $396.76 million during the quarter, compared to analysts’ expectations of $388.84 million. On average, research analysts predict that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.01%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio is 91.93%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on OBDC shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Monday, August 12th. Truist Financial decreased their price objective on shares of 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 dropped their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 20th. 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. Finally, Wells Fargo & Company upped their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $16.00.

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.