CAP Partners LLC Grows Stake in Blue Owl Capital Co. (NYSE:OBDC)

CAP Partners LLC lifted its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 12.1% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 14,954 shares of the company’s stock after acquiring an additional 1,613 shares during the quarter. CAP Partners LLC’s holdings in Blue Owl Capital were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Atomi Financial Group Inc. boosted its position in shares of Blue Owl Capital by 5.5% during the first quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company’s stock valued at $215,000 after buying an additional 733 shares during the last quarter. Strategies Wealth Advisors LLC lifted its holdings in Blue Owl Capital by 2.8% in the first quarter. Strategies Wealth Advisors LLC now owns 27,520 shares of the company’s stock valued at $423,000 after acquiring an additional 762 shares during the period. Intellectus Partners LLC lifted its holdings in Blue Owl Capital by 0.7% in the second quarter. Intellectus Partners LLC now owns 120,846 shares of the company’s stock valued at $1,901,000 after acquiring an additional 809 shares during the period. Redhawk Wealth Advisors Inc. lifted its holdings in Blue Owl Capital by 2.0% in the second quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company’s stock valued at $679,000 after acquiring an additional 881 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its holdings in Blue Owl Capital by 3.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company’s stock valued at $381,000 after acquiring an additional 910 shares during the period. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on OBDC shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 23rd. Hovde Group raised their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, May 10th. Wells Fargo & Company decreased their price objective on 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. Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Blue Owl Capital Price Performance

OBDC traded up $0.06 on Friday, hitting $14.51. 2,552,662 shares of the company’s stock traded hands, compared to its average volume of 2,049,439. The company’s 50 day simple moving average is $15.37 and its 200-day simple moving average is $15.51. The firm has a market cap of $5.66 billion, a price-to-earnings ratio of 7.33 and a beta of 0.87. Blue Owl Capital Co. has a one year low of $12.99 and a one year high of $16.91. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, August 30th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s dividend payout ratio (DPR) 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.