DGS Capital Management LLC Reduces Position in Blue Owl Capital Co. (NYSE:OBDC)

DGS Capital Management LLC decreased its position in Blue Owl Capital Co. (NYSE:OBDC) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,752 shares of the company’s stock after selling 828 shares during the period. DGS Capital Management LLC’s holdings in Blue Owl Capital were worth $273,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its stake in shares of Blue Owl Capital by 16.8% in the third quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock worth $4,878,000 after purchasing an additional 48,136 shares during the last quarter. Legacy Capital Wealth Partners LLC grew its holdings in Blue Owl Capital by 96.8% in the third quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock valued at $3,054,000 after purchasing an additional 103,123 shares during the period. First National Trust Co increased its position in shares of Blue Owl Capital by 83.9% in the third quarter. First National Trust Co now owns 141,524 shares of the company’s stock valued at $2,062,000 after buying an additional 64,558 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after buying an additional 347,155 shares during the period. Finally, Granite FO LLC acquired a new stake in Blue Owl Capital in the 2nd quarter valued at $1,226,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on OBDC shares. Wells Fargo & Company raised their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, 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 Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Hold” and an average target price of $15.86.

Blue Owl Capital Trading Up 0.4 %

OBDC opened at $15.29 on Friday. The business’s 50 day moving average price is $15.07 and its 200 day moving average price is $15.21. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market capitalization of $5.96 billion, a PE ratio of 9.49 and a beta of 0.85. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.68%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 91.93%.

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.