Barnett & Company Inc. Acquires 28,450 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Barnett & Company Inc. boosted its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 38.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 102,900 shares of the company’s stock after purchasing 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 institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI purchased a new stake in Blue Owl Capital in the 2nd quarter valued at $26,000. CWM LLC raised its position in 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 acquiring an additional 1,032 shares during the period. Headlands Technologies LLC purchased a new position in Blue Owl Capital in the first quarter valued at approximately $40,000. Rothschild Investment LLC bought a new position in shares of Blue Owl Capital during the 2nd quarter worth $61,000. Finally, Zions Bancorporation N.A. bought a new position in Blue Owl Capital during the second quarter worth about $61,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Trading Up 0.1 %

OBDC traded up $0.01 during trading on Tuesday, reaching $14.87. The company had a trading volume of 530,741 shares, compared to its average volume of 1,946,576. The stock has a market cap of $5.80 billion, a P/E ratio of 9.27 and a beta of 0.86. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The business has a 50 day simple moving average of $14.88 and a 200-day simple moving average of $15.39. 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 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 given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.95%. The ex-dividend date is Tuesday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio is presently 91.93%.

Wall Street Analysts Forecast Growth

OBDC has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their price target 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. Truist Financial decreased their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a 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. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. One research 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.07.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, with a total value 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. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.12% of the company’s stock.

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.