Intellectus Partners LLC Has $2.48 Million Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Intellectus Partners LLC increased its position in Blue Owl Capital Co. (NYSE:OBDC) by 37.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 165,761 shares of the company’s stock after buying an additional 44,915 shares during the period. Intellectus Partners LLC’s holdings in Blue Owl Capital were worth $2,476,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $26,000. CWM LLC boosted its stake 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 last quarter. Headlands Technologies LLC acquired a new position in shares of Blue Owl Capital during the 1st quarter worth about $40,000. Rothschild Investment LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter valued at $61,000. Finally, Zions Bancorporation N.A. bought a new stake in shares of Blue Owl Capital in the second quarter valued at about $61,000. 42.83% of the stock is owned by institutional investors.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the transaction, the director now directly owns 9,016 shares of the company’s stock, valued at $135,420.32. This trade represents a 38.37 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.12% of the stock is owned by insiders.

Blue Owl Capital Trading Up 0.1 %

OBDC opened at $14.82 on Friday. The firm has a market capitalization of $5.78 billion, a PE ratio of 9.20 and a beta of 0.86. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The company’s 50-day moving average is $14.87 and its 200 day moving average is $15.37.

Blue Owl Capital Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 9.99%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio is currently 91.93%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on OBDC shares. Keefe, Bruyette & Woods cut their price target on 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. Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Truist Financial decreased 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. Wells Fargo & Company upped their target price on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.