Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by US Bancorp DE

US Bancorp DE increased its position in Blue Owl Capital Co. (NYSE:OBDC) by 226.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 18,988 shares of the company’s stock after acquiring an additional 13,168 shares during the period. US Bancorp DE’s holdings in Blue Owl Capital were worth $277,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in Blue Owl Capital during the second quarter worth approximately $26,000. CWM LLC increased its position in Blue Owl Capital by 98.6% during the second quarter. CWM LLC now owns 2,079 shares of the company’s stock worth $32,000 after purchasing an additional 1,032 shares during the last quarter. Headlands Technologies LLC acquired a new position in Blue Owl Capital during the first quarter worth approximately $40,000. Rothschild Investment LLC acquired a new position in Blue Owl Capital during the second quarter worth approximately $61,000. Finally, Zions Bancorporation N.A. acquired a new position in Blue Owl Capital during the second quarter worth approximately $61,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio acquired 2,500 shares of Blue Owl Capital stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the transaction, the director now owns 9,016 shares in the company, valued at approximately $135,420.32. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.12% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. 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 upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. 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. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research note on Tuesday, August 20th. One 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. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $16.07.

Blue Owl Capital Stock Up 0.5 %

OBDC stock opened at $14.81 on Thursday. The firm’s 50-day simple moving average is $14.88 and its 200 day simple moving average is $15.37. The stock has a market cap of $5.78 billion, a PE ratio of 9.20 and a beta of 0.86. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 yield of 9.99%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio is currently 91.93%.

Blue Owl Capital Company 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.