Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Muzinich & Co. Inc.

Muzinich & Co. Inc. cut its stake in Blue Owl Capital Co. (NYSE:OBDC) by 11.1% during the third quarter, HoldingsChannel reports. The fund owned 632,954 shares of the company’s stock after selling 78,770 shares during the quarter. Blue Owl Capital comprises approximately 6.5% of Muzinich & Co. Inc.’s holdings, making the stock its 6th biggest position. Muzinich & Co. Inc.’s holdings in Blue Owl Capital were worth $9,222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of OBDC. Boston Partners acquired a new stake in Blue Owl Capital in the first quarter valued at approximately $15,010,000. LSV Asset Management raised its holdings in shares of Blue Owl Capital by 10.4% during the 2nd quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock valued at $69,012,000 after purchasing an additional 423,934 shares in the last quarter. Van ECK Associates Corp boosted its holdings in Blue Owl Capital by 4.9% in the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after purchasing an additional 347,155 shares in the last quarter. Trinity Financial Advisors LLC boosted its holdings in Blue Owl Capital by 32.3% in the third quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock worth $12,471,000 after purchasing an additional 215,742 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Blue Owl Capital during the second quarter worth $2,667,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on OBDC shares. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Monday, August 12th. Keefe, Bruyette & Woods dropped their price target on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 20th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Truist Financial lowered 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 note on Friday, August 9th. Finally, Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. One investment 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 company’s stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $16.07.

Insider Activity

In related news, Director Edward H. Dalelio bought 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired 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 $135,420.32. This represents a 38.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.12% of the stock is owned by company insiders.

Blue Owl Capital Price Performance

NYSE:OBDC opened at $14.88 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market cap of $5.81 billion, a P/E ratio of 9.24 and a beta of 0.86. The company has a fifty day moving average price of $14.88 and a 200 day moving average price of $15.36. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.95%. This is an increase 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 (DPR) is presently 91.93%.

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.