Blue Owl Capital Co. (NYSE:OBDC) Shares Bought by Truvestments Capital LLC

Truvestments Capital LLC increased its position in Blue Owl Capital Co. (NYSE:OBDC) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,014 shares of the company’s stock after acquiring an additional 5,155 shares during the period. Truvestments Capital LLC’s holdings in Blue Owl Capital were worth $2,812,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in Blue Owl Capital in the second quarter valued at $26,000. CWM LLC increased its holdings in 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. Rothschild Investment LLC purchased a new stake in shares of Blue Owl Capital in the second quarter valued at about $61,000. Zions Bancorporation N.A. acquired a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $61,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Blue Owl Capital by 604.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock worth $65,000 after purchasing an additional 3,580 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $15.28 on Monday. 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 Co. has a 12 month low of $13.98 and a 12 month high of $16.91. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 9.45 and a beta of 0.86. The stock’s 50-day moving average is $14.91 and its 200-day moving average is $15.31.

Blue Owl Capital Increases Dividend

The firm also recently declared 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 represents a $1.48 dividend on an annualized basis and a yield of 9.69%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital’s payout ratio is 91.93%.

Insiders Place Their Bets

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 acquired at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. The trade was a 38.37 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.12% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on OBDC shares. Keefe, Bruyette & Woods dropped their price target on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Wells Fargo & Company upped their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Finally, Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.07.

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.