Biechele Royce Advisors Has $206,000 Position in Blue Owl Capital Co. (NYSE:OBDC)

Biechele Royce Advisors lessened its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 6.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,150 shares of the company’s stock after selling 1,000 shares during the quarter. Biechele Royce Advisors’ holdings in Blue Owl Capital were worth $206,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI acquired a new position in Blue Owl Capital in the 2nd quarter valued at approximately $26,000. CWM LLC grew its holdings in shares of Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after acquiring an additional 1,032 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital in the first quarter worth $40,000. Rothschild Investment LLC purchased a new stake in shares of Blue Owl Capital during the second quarter worth $61,000. Finally, Zions Bancorporation N.A. purchased a new position in Blue Owl Capital in the second quarter valued at about $61,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on OBDC shares. Wells Fargo & Company raised their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday. 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. Truist Financial decreased their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of 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. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded down $0.26 on Friday, reaching $14.78. 1,932,853 shares of the stock were exchanged, compared to its average volume of 1,951,782. 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 Co. has a twelve month low of $13.60 and a twelve month high of $16.91. The firm has a fifty day moving average price of $14.92 and a two-hundred day moving average price of $15.43. The stock has a market cap of $5.77 billion, a PE ratio of 8.27 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm had revenue of $396.76 million during the quarter, compared to the consensus estimate of $388.84 million. Blue Owl Capital had a return on equity of 12.66% and a net margin of 43.61%. Sell-side analysts anticipate that Blue Owl Capital Co. will post 1.91 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.24 dividend on an annualized basis and a yield of 1.62%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s payout ratio is 82.68%.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio bought 2,500 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the purchase, the director now owns 9,016 shares in the company, valued at approximately $135,420.32. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.12% of the company’s stock.

Blue Owl Capital Company 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.