MAI Capital Management Lowers Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

MAI Capital Management lowered its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 495,381 shares of the company’s stock after selling 23,927 shares during the period. MAI Capital Management owned 0.13% of Blue Owl Capital worth $7,218,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Strategies Wealth Advisors LLC raised its position in shares of Blue Owl Capital by 2.7% in the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock worth $434,000 after buying an additional 745 shares in the last quarter. Intellectus Partners LLC raised its holdings in shares of Blue Owl Capital by 0.7% in the 2nd quarter. Intellectus Partners LLC now owns 120,846 shares of the company’s stock valued at $1,901,000 after acquiring an additional 809 shares in the last quarter. Redhawk Wealth Advisors Inc. boosted its position in shares of Blue Owl Capital by 2.0% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company’s stock valued at $679,000 after acquiring an additional 881 shares during the last quarter. Gilbert & Cook Inc. grew its holdings in shares of Blue Owl Capital by 3.5% during the third quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company’s stock worth $427,000 after purchasing an additional 1,000 shares in the last quarter. Finally, CWM LLC increased its position in shares of Blue Owl Capital by 98.6% in 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. Institutional investors own 42.83% of the company’s stock.

Insider Transactions at Blue Owl Capital

In other news, Director Edward H. Dalelio acquired 2,500 shares of the stock in a transaction dated Tuesday, August 27th. The stock was purchased 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 owns 9,016 shares in the company, valued at approximately $135,420.32. The trade was a 38.37 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.12% of the company’s stock.

Blue Owl Capital Trading Up 0.3 %

NYSE OBDC opened at $14.92 on Tuesday. The firm has a market cap of $5.82 billion, a PE ratio of 9.27 and a beta of 0.86. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The stock has a 50-day moving average of $14.88 and a 200-day moving average of $15.35. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 9.92%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s payout ratio is presently 91.93%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods cut their price target 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. Raymond James cut Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Wells Fargo & Company increased their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, Truist Financial dropped their target price 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 equities 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.07.

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.