Townsquare Capital LLC Sells 19,782 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Townsquare Capital LLC lowered its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 16.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,543 shares of the company’s stock after selling 19,782 shares during the period. Townsquare Capital LLC’s holdings in Blue Owl Capital were worth $1,465,000 as of its most recent filing with the Securities & Exchange Commission.

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

Blue Owl Capital Trading Up 0.5 %

Shares of Blue Owl Capital stock opened at $15.22 on Monday. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The company has a market capitalization of $5.94 billion, a P/E ratio of 9.45 and a beta of 0.86. The company has a fifty day moving average of $14.95 and a 200 day moving average of $15.28.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 9.72%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio (DPR) is currently 91.93%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OBDC. 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 note on Friday, August 9th. Wells Fargo & Company raised their target price on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Finally, Raymond James downgraded Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target 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.