Kovack Advisors Inc. Decreases Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Kovack Advisors Inc. lowered its stake in Blue Owl Capital Co. (NYSE:OBDC) by 14.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 31,401 shares of the company’s stock after selling 5,332 shares during the period. Kovack Advisors Inc.’s holdings in Blue Owl Capital were worth $458,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new position in shares of Blue Owl Capital during the 1st quarter worth about $40,000. Bleakley Financial Group LLC boosted its position in shares of Blue Owl Capital by 56.5% during the first quarter. Bleakley Financial Group LLC now owns 17,564 shares of the company’s stock valued at $270,000 after buying an additional 6,344 shares during the period. Kingsview Wealth Management LLC grew its stake in shares of Blue Owl Capital by 223.9% during the first quarter. Kingsview Wealth Management LLC now owns 33,194 shares of the company’s stock valued at $511,000 after buying an additional 22,945 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Blue Owl Capital by 0.4% in the first quarter. Acadian Asset Management LLC now owns 511,834 shares of the company’s stock worth $7,871,000 after buying an additional 2,039 shares during the period. Finally, Cercano Management LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $5,932,000. 42.83% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. 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. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. Keefe, Bruyette & Woods decreased their price objective on 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. Truist Financial dropped 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 report on Friday, August 9th. Finally, Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.07.

Insider Buying and Selling

In other news, Director Edward H. Dalelio purchased 2,500 shares of the stock in a transaction on Tuesday, August 27th. The stock was bought at an average price of $15.02 per share, with a total value of $37,550.00. Following the transaction, the director now owns 9,016 shares in the company, valued at $135,420.32. The trade was a 38.37 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is owned by company insiders.

Blue Owl Capital Stock Up 0.1 %

Shares of OBDC stock opened at $14.82 on Friday. The stock’s fifty day moving average price is $14.87 and its 200 day moving average price is $15.37. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 9.20 and a beta of 0.86.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.37 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 9.99%. The ex-dividend date 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.