Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Raymond James & Associates

Raymond James & Associates cut its stake in Blue Owl Capital Co. (NYSE:OBDC) by 0.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 824,790 shares of the company’s stock after selling 6,926 shares during the quarter. Raymond James & Associates owned about 0.21% of Blue Owl Capital worth $12,669,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new stake in Blue Owl Capital during the fourth quarter worth about $16,207,000. Corient Private Wealth LLC acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth approximately $14,919,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Blue Owl Capital during the 1st quarter valued at approximately $1,311,000. Epiq Partners LLC acquired a new position in Blue Owl Capital in the first quarter valued at approximately $4,123,000. Finally, UBS Group AG acquired a new stake in Blue Owl Capital during the fourth quarter worth $8,978,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Up 1.2 %

NYSE OBDC opened at $14.91 on Friday. Blue Owl Capital Co. has a one year low of $12.99 and a one year high of $16.91. The firm has a 50 day simple moving average of $15.24 and a 200-day simple moving average of $15.52. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 7.53 and a beta of 0.87. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.84 and a current ratio of 0.84.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend is Friday, August 30th. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.05. Blue Owl Capital’s dividend payout ratio (DPR) is currently 74.75%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on OBDC shares. Truist Financial decreased their price target on 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. 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. Wells Fargo & Company reduced 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 note on Friday, August 9th. Keefe, Bruyette & Woods lowered their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. Finally, Hovde Group lifted their target price on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, May 10th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.94.

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.