Sage Advisors LLC Raises Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Sage Advisors LLC boosted its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 3.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,996,927 shares of the company’s stock after purchasing an additional 71,503 shares during the quarter. Blue Owl Capital makes up approximately 22.9% of Sage Advisors LLC’s holdings, making the stock its biggest position. Sage Advisors LLC owned 0.51% of Blue Owl Capital worth $29,095,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of OBDC. Turtle Creek Wealth Advisors LLC boosted its holdings in shares of Blue Owl Capital by 9.2% during the 3rd quarter. Turtle Creek Wealth Advisors LLC now owns 19,037 shares of the company’s stock valued at $277,000 after purchasing an additional 1,600 shares during the last quarter. Intellectus Partners LLC boosted its stake in Blue Owl Capital by 37.2% during the third quarter. Intellectus Partners LLC now owns 165,761 shares of the company’s stock valued at $2,476,000 after buying an additional 44,915 shares during the last quarter. Balboa Wealth Partners purchased a new position in Blue Owl Capital during the 3rd quarter valued at approximately $169,000. Oppenheimer & Co. Inc. increased its stake in Blue Owl Capital by 17.6% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 393,397 shares of the company’s stock worth $5,732,000 after acquiring an additional 58,794 shares during the last quarter. Finally, Barnett & Company Inc. raised its holdings in shares of Blue Owl Capital by 38.2% during the 3rd quarter. Barnett & Company Inc. now owns 102,900 shares of the company’s stock worth $1,499,000 after acquiring an additional 28,450 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Analyst Ratings Changes

OBDC has been the topic of several research reports. Truist Financial reduced their price target on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Wells Fargo & Company boosted their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.07.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Edward H. Dalelio acquired 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the acquisition, the director now directly owns 9,016 shares of the company’s stock, valued at $135,420.32. This represents a 38.37 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.12% of the stock is currently owned by corporate insiders.

Blue Owl Capital Stock Up 0.4 %

Shares of NYSE OBDC opened at $14.88 on Friday. The company has a market cap of $5.81 billion, a P/E ratio of 9.24 and a beta of 0.86. The firm has a 50-day simple moving average of $14.88 and a two-hundred day simple moving average of $15.36. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.95%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s payout ratio is presently 91.93%.

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.