Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC grew its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 35.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,315 shares of the company’s stock after purchasing an additional 5,372 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Blue Owl Capital were worth $296,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI purchased a new position in Blue Owl Capital in the first quarter valued at $1,311,000. Legacy Capital Wealth Partners LLC raised its position in Blue Owl Capital by 96.8% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock valued at $3,054,000 after purchasing an additional 103,123 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Blue Owl Capital by 154.4% in the 1st quarter. Cetera Investment Advisers now owns 111,707 shares of the company’s stock valued at $1,718,000 after buying an additional 67,799 shares during the period. First National Trust Co grew its position in shares of Blue Owl Capital by 83.9% during the third quarter. First National Trust Co now owns 141,524 shares of the company’s stock worth $2,062,000 after buying an additional 64,558 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of Blue Owl Capital by 4.9% during the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after buying an additional 347,155 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $135,420.32. This represents a 38.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company’s stock.

Blue Owl Capital Stock Up 0.4 %

Blue Owl Capital stock opened at $14.88 on Friday. The stock has a 50-day simple moving average of $14.88 and a 200-day simple moving average of $15.36. The company has a market capitalization of $5.81 billion, a P/E ratio of 9.24 and a beta of 0.86. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Blue Owl Capital Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Truist Financial lowered 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 note on Friday, August 9th. Keefe, Bruyette & Woods cut their price target on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 20th. Raymond James cut Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Finally, Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.07.

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.