Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Virtu Financial LLC

Virtu Financial LLC lessened its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 12.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,881 shares of the company’s stock after selling 6,720 shares during the quarter. Virtu Financial LLC’s holdings in Blue Owl Capital were worth $735,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI acquired a new stake in shares of Blue Owl Capital during the second quarter worth approximately $26,000. CWM LLC grew 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 worth $32,000 after acquiring an additional 1,032 shares in the last quarter. Heritage Wealth Advisors bought a new stake in shares of Blue Owl Capital in the 4th quarter worth about $32,000. Headlands Technologies LLC acquired a new stake in shares of Blue Owl Capital in the 1st quarter valued at about $40,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of Blue Owl Capital during the fourth quarter worth about $38,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on OBDC shares. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating for the company in a report on Friday, August 9th. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Monday, August 12th. Truist Financial decreased their price objective on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company 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. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.94.

Blue Owl Capital Stock Up 0.9 %

Blue Owl Capital stock opened at $14.93 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.84. Blue Owl Capital Co. has a one year low of $12.99 and a one year high of $16.91. The company has a 50-day simple moving average of $14.96 and a 200-day simple moving average of $15.50. The firm has a market capitalization of $5.82 billion, a P/E ratio of 7.54 and a beta of 0.87.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, August 7th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.47 by $0.01. The firm had revenue of $396.76 million during the quarter, compared to analysts’ expectations of $388.84 million. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. As a group, equities analysts expect that Blue Owl Capital Co. will post 1.93 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.06 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, September 30th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 74.75%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 2,500 shares of the stock in a transaction dated Tuesday, August 27th. The shares were bought at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.12% of the stock is owned by company insiders.

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.