Partners Group Holding AG Decreases Position in Blue Owl Capital Co. (NYSE:OBDC)

Partners Group Holding AG reduced its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 17.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 336,852 shares of the company’s stock after selling 69,935 shares during the period. Partners Group Holding AG owned 0.09% of Blue Owl Capital worth $4,908,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in OBDC. National Bank of Canada FI acquired a new stake in Blue Owl Capital during the second quarter worth about $26,000. CWM LLC increased its stake in Blue Owl Capital by 98.6% during 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 last quarter. Rothschild Investment LLC acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at $61,000. Zions Bancorporation N.A. purchased a new stake in Blue Owl Capital in the 2nd quarter valued at about $61,000. Finally, EverSource Wealth Advisors LLC boosted its stake in Blue Owl Capital by 604.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock worth $65,000 after buying an additional 3,580 shares during the period. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 0.2 %

OBDC opened at $15.19 on Tuesday. The firm has a market cap of $5.93 billion, a price-to-earnings ratio of 9.43 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’s 50 day moving average is $14.91 and its two-hundred day moving average is $15.31. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The firm 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 dividend of $0.37 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a yield of 9.74%. The ex-dividend date of this dividend is Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 91.93%.

Analyst Ratings Changes

Several brokerages have recently commented on OBDC. Wells Fargo & Company upped their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Truist Financial lowered 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. Raymond James cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a report on Tuesday, November 19th. One 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 company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.07.

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.