Barnett & Company Inc. Grows Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Barnett & Company Inc. boosted its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 38.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,900 shares of the company’s stock after acquiring an additional 28,450 shares during the quarter. Barnett & Company Inc.’s holdings in Blue Owl Capital were worth $1,499,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in Blue Owl Capital during the second quarter worth approximately $26,000. CWM LLC grew its holdings in shares of Blue Owl Capital by 98.6% in the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock worth $32,000 after acquiring an additional 1,032 shares during the period. Headlands Technologies LLC purchased a new position in shares of Blue Owl Capital in the first quarter valued at $40,000. Rothschild Investment LLC purchased a new stake in shares of Blue Owl Capital in the second quarter valued at about $61,000. Finally, Zions Bancorporation N.A. acquired a new stake in Blue Owl Capital during the 2nd quarter valued at $61,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on OBDC. Keefe, Bruyette & Woods reduced their price target on 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $16.07.

Blue Owl Capital Price Performance

NYSE:OBDC traded up $0.01 during mid-day trading on Tuesday, hitting $14.87. The company’s stock had a trading volume of 530,741 shares, compared to its average volume of 1,946,576. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. The stock has a fifty day moving average of $14.88 and a 200-day moving average of $15.39. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 9.27 and a beta of 0.86.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.95%. Blue Owl Capital’s payout ratio is currently 91.93%.

Insider Activity at Blue Owl Capital

In other news, Director Edward H. Dalelio purchased 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average cost 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 approximately $135,420.32. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 0.12% of the stock is owned by company insiders.

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.