Truvestments Capital LLC Boosts Position in Blue Owl Capital Co. (NYSE:OBDC)

Truvestments Capital LLC grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 193,014 shares of the company’s stock after purchasing an additional 5,155 shares during the quarter. Truvestments Capital LLC’s holdings in Blue Owl Capital were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. National Bank of Canada FI purchased a new stake in Blue Owl Capital in the second quarter valued at $26,000. CWM LLC boosted its position in shares of Blue Owl Capital by 98.6% in the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,032 shares during the period. Rothschild Investment LLC purchased a new position in Blue Owl Capital during the 2nd quarter worth approximately $61,000. Zions Bancorporation N.A. acquired a new position in Blue Owl Capital during the second quarter worth approximately $61,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Blue Owl Capital by 604.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock valued at $65,000 after buying an additional 3,580 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $15.28 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The company has a 50-day moving average price of $14.91 and a 200 day moving average price of $15.31. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The company has a market cap of $5.96 billion, a P/E ratio of 9.45 and a beta of 0.86.

Blue Owl Capital Increases Dividend

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of Blue Owl Capital stock in a transaction on Tuesday, August 27th. The stock was bought at an average price 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 in the company, valued at $135,420.32. The trade was a 38.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.12% of the stock is currently owned by corporate insiders.

About Blue Owl Capital

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.