Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC decreased its stake in Blue Owl Capital Co. (NYSE:OBDC) by 78.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,672 shares of the company’s stock after selling 158,722 shares during the quarter. Verus Capital Partners LLC’s holdings in Blue Owl Capital were worth $636,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. First National Trust Co lifted its stake in shares of Blue Owl Capital by 83.9% in 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. Apollon Wealth Management LLC lifted its stake in shares of Blue Owl Capital by 1.6% in the third quarter. Apollon Wealth Management LLC now owns 110,016 shares of the company’s stock worth $1,603,000 after buying an additional 1,760 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its stake in shares of Blue Owl Capital by 96.8% in the third quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock worth $3,054,000 after buying an additional 103,123 shares in the last quarter. Carmel Capital Partners LLC raised its stake in Blue Owl Capital by 10.6% during the third quarter. Carmel Capital Partners LLC now owns 151,879 shares of the company’s stock worth $2,213,000 after purchasing an additional 14,603 shares during the period. Finally, Dudley Capital Management LLC raised its stake in Blue Owl Capital by 6.2% during the third quarter. Dudley Capital Management LLC now owns 64,320 shares of the company’s stock worth $937,000 after purchasing an additional 3,750 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Activity

In related news, Director Edward H. Dalelio bought 2,500 shares of the 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 acquisition, the director now owns 9,016 shares in the company, valued at approximately $135,420.32. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. Wells Fargo & Company boosted their price target 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. Truist Financial reduced their price target on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Finally, Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and a consensus price target of $16.07.

Blue Owl Capital Trading Down 0.9 %

NYSE OBDC opened at $14.73 on Wednesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The stock has a market capitalization of $5.75 billion, a PE ratio of 9.15 and a beta of 0.86. The firm has a 50 day moving average of $14.88 and a two-hundred day moving average of $15.38.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 10.05%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s payout ratio is 91.93%.

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.