CAP Partners LLC Increases Position in Blue Owl Capital Co. (NYSE:OBDC)

CAP Partners LLC boosted its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 16.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,476 shares of the company’s stock after purchasing an additional 2,522 shares during the period. CAP Partners LLC’s holdings in Blue Owl Capital were worth $255,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Kingsview Wealth Management LLC raised its stake in shares of Blue Owl Capital by 223.9% in the 1st quarter. Kingsview Wealth Management LLC now owns 33,194 shares of the company’s stock valued at $511,000 after purchasing an additional 22,945 shares in the last quarter. Acadian Asset Management LLC raised its stake in Blue Owl Capital by 0.4% during the first quarter. Acadian Asset Management LLC now owns 511,834 shares of the company’s stock valued at $7,871,000 after buying an additional 2,039 shares in the last quarter. Lake Street Advisors Group LLC bought a new position in Blue Owl Capital during the 1st quarter worth approximately $354,000. CANADA LIFE ASSURANCE Co increased its holdings in shares of Blue Owl Capital by 3.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 359,197 shares of the company’s stock valued at $5,532,000 after acquiring an additional 12,548 shares during the last quarter. Finally, Crewe Advisors LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter valued at approximately $369,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $14.99 on Monday. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. 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 firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 9.24 and a beta of 0.86. The business has a 50 day simple moving average of $14.88 and a 200 day simple moving average of $15.35.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.37 dividend. 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. This represents a $1.48 annualized dividend and a dividend yield of 9.87%. Blue Owl Capital’s dividend payout ratio is presently 91.93%.

Wall Street Analyst Weigh In

A number of research firms have commented on OBDC. 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 report on Tuesday, August 20th. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a report on Monday, August 12th. Finally, Truist Financial reduced their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.07.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the acquisition, the director now directly owns 9,016 shares of the company’s stock, valued at approximately $135,420.32. The trade was a 38.37 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

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.