15,150 Shares in Blue Owl Capital Co. (NYSE:OBDC) Purchased by Biechele Royce Advisors

Biechele Royce Advisors acquired a new stake in shares of Blue Owl Capital Co. (NYSE:OBDC) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,150 shares of the company’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. International Assets Investment Management LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter worth $2,180,000. Atria Wealth Solutions Inc. purchased a new position in Blue Owl Capital during the 4th quarter valued at about $1,074,000. Truist Financial Corp purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $901,000. Gilbert & Cook Inc. acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth approximately $2,644,000. Finally, Mission Wealth Management LP purchased a new position in Blue Owl Capital during the fourth quarter valued at approximately $217,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Edward H. Dalelio purchased 2,500 shares of Blue Owl Capital stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the transaction, the director now directly owns 9,016 shares in the company, valued at $135,420.32. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.12% of the company’s stock.

Analysts Set New Price Targets

OBDC has been the topic of a number of recent research reports. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Hovde Group increased their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. 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. Wells Fargo & Company dropped their price target on shares of Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Finally, Truist Financial reduced their price objective on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.94.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded up $0.12 during trading hours on Friday, hitting $15.16. The stock had a trading volume of 4,019,143 shares, compared to its average volume of 2,041,527. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The company has a market cap of $5.91 billion, a PE ratio of 7.65 and a beta of 0.87. The company has a 50-day moving average of $15.17 and a two-hundred day moving average of $15.52. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.24.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The company had revenue of $396.76 million during the quarter, compared to analysts’ expectations of $388.84 million. On average, equities research analysts anticipate that Blue Owl Capital Co. will post 1.92 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.06 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, August 30th. Blue Owl Capital’s dividend payout ratio is currently 74.75%.

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.