Janney Montgomery Scott LLC Sells 218,233 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Janney Montgomery Scott LLC reduced its position in Blue Owl Capital Co. (NYSE:OBDC) by 11.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,738,744 shares of the company’s stock after selling 218,233 shares during the period. Janney Montgomery Scott LLC owned 0.45% of Blue Owl Capital worth $25,334,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC boosted its holdings in shares of Blue Owl Capital by 3.7% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 538,511 shares of the company’s stock valued at $8,126,000 after buying an additional 19,280 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Blue Owl Capital by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,987 shares of the company’s stock worth $189,000 after purchasing an additional 3,998 shares in the last quarter. Stephens Inc. AR boosted its stake in Blue Owl Capital by 4.3% in the 3rd quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock worth $46,909,000 after purchasing an additional 132,386 shares in the last quarter. US Bancorp DE boosted its stake in Blue Owl Capital by 226.3% in the 3rd quarter. US Bancorp DE now owns 18,988 shares of the company’s stock worth $277,000 after purchasing an additional 13,168 shares in the last quarter. Finally, Golden State Equity Partners boosted its stake in Blue Owl Capital by 4.4% in the 3rd quarter. Golden State Equity Partners now owns 44,452 shares of the company’s stock worth $648,000 after purchasing an additional 1,887 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on OBDC shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. Truist Financial lowered their target price on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Wells Fargo & Company lifted their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Finally, Raymond James cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Blue Owl Capital Price Performance

NYSE:OBDC opened at $14.58 on Tuesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 8.15 and a beta of 0.86. The company has a 50 day moving average price of $14.92 and a 200-day moving average price of $15.42. Blue Owl Capital Co. has a 1-year low of $13.81 and a 1-year high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted 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. The firm had revenue of $396.76 million during the quarter, compared to analyst estimates of $388.84 million. Blue Owl Capital had a net margin of 43.61% and a return on equity of 12.66%. Equities research analysts forecast that Blue Owl Capital Co. will post 1.91 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.65%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, September 30th. Blue Owl Capital’s payout ratio is 82.68%.

Insider Activity

In related news, Director Edward H. Dalelio purchased 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was bought at an average price of $15.02 per share, with a total value of $37,550.00. Following the acquisition, the director now owns 9,016 shares in the company, valued at $135,420.32. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.12% of the company’s stock.

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.