Border to Coast Pensions Partnership Ltd Sells 400,000 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Border to Coast Pensions Partnership Ltd decreased its position in Blue Owl Capital Co. (NYSE:OBDC) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,400,000 shares of the company’s stock after selling 400,000 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Blue Owl Capital were worth $20,338,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of OBDC. Goldman Sachs Group Inc. bought a new stake in Blue Owl Capital during the 4th quarter worth about $16,207,000. Citizens Financial Group Inc. RI bought a new position in shares of Blue Owl Capital in the 1st quarter valued at about $1,311,000. Epiq Partners LLC bought a new position in shares of Blue Owl Capital in the 1st quarter valued at about $4,123,000. Sound Income Strategies LLC boosted its stake in shares of Blue Owl Capital by 5.8% in the 1st quarter. Sound Income Strategies LLC now owns 2,603,592 shares of the company’s stock valued at $40,043,000 after purchasing an additional 143,520 shares during the last quarter. Finally, Cetera Investment Advisers raised its position 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 acquiring an additional 67,799 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 0.6 %

Shares of NYSE OBDC traded up $0.09 during midday trading on Monday, reaching $15.19. The company’s stock had a trading volume of 772,679 shares, compared to its average volume of 1,976,572. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24. Blue Owl Capital Co. has a fifty-two week low of $12.99 and a fifty-two week high of $16.91. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 7.63 and a beta of 0.87. The stock has a 50 day simple moving average of $14.80 and a 200-day simple moving average of $15.45.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, August 7th. The company reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. The business had revenue of $396.76 million during the quarter, compared to analysts’ expectations of $388.84 million. Equities research analysts predict that Blue Owl Capital Co. will post 1.91 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, September 30th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 1.58%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 74.75%.

Insider Activity at Blue Owl Capital

In other news, Director Edward H. Dalelio bought 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the purchase, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on OBDC shares. Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research report on Friday, August 9th. Truist Financial dropped their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a report on Monday, August 12th. Raymond James downgraded shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.94.

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.