Verus Capital Partners LLC Sells 158,722 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Verus Capital Partners LLC trimmed its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 78.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,672 shares of the company’s stock after selling 158,722 shares during the period. Verus Capital Partners LLC’s holdings in Blue Owl Capital were worth $636,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in OBDC. Atomi Financial Group Inc. grew its stake in Blue Owl Capital by 5.5% in the 1st quarter. Atomi Financial Group Inc. now owns 13,987 shares of the company’s stock worth $215,000 after acquiring an additional 733 shares in the last quarter. Headlands Technologies LLC bought a new position in Blue Owl Capital in the 1st quarter worth about $40,000. Bleakley Financial Group LLC grew its stake in Blue Owl Capital by 56.5% in the 1st quarter. Bleakley Financial Group LLC now owns 17,564 shares of the company’s stock worth $270,000 after acquiring an additional 6,344 shares in the last quarter. Entropy Technologies LP grew its stake in Blue Owl Capital by 120.3% in the 1st quarter. Entropy Technologies LP now owns 102,083 shares of the company’s stock worth $1,570,000 after acquiring an additional 55,755 shares in the last quarter. Finally, Condor Capital Management grew its stake in Blue Owl Capital by 6.7% in the 1st quarter. Condor Capital Management now owns 400,244 shares of the company’s stock worth $6,156,000 after acquiring an additional 25,058 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

OBDC has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Monday, August 12th. Truist Financial dropped their price objective 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. 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. Keefe, Bruyette & Woods dropped their price objective on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a research note on Tuesday, August 20th. Finally, Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $16.07.

Blue Owl Capital Trading Down 0.9 %

NYSE OBDC opened at $14.73 on Wednesday. The company has a fifty day simple moving average of $14.88 and a two-hundred day simple moving average of $15.38. The stock has a market cap of $5.75 billion, a P/E ratio of 9.15 and a beta of 0.86. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The business 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 $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.05%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio (DPR) is currently 91.93%.

Insiders Place Their Bets

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased 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 directly owns 9,016 shares in the company, valued at approximately $135,420.32. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.12% of the company’s stock.

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.