Traders Purchase High Volume of Call Options on Blue Owl Capital (NYSE:OBDC)

Blue Owl Capital Co. (NYSE:OBDC) was the recipient of some unusual options trading on Monday. Stock traders purchased 83,646 call options on the stock. This is an increase of approximately 24,075% compared to the typical daily volume of 346 call options.

Blue Owl Capital Stock Up 0.1 %

Shares of NYSE OBDC traded up $0.02 during trading hours on Monday, hitting $15.49. The company had a trading volume of 2,218,373 shares, compared to its average volume of 1,957,892. The stock has a market capitalization of $6.04 billion, a P/E ratio of 9.62 and a beta of 0.85. Blue Owl Capital has a 1-year low of $13.98 and a 1-year high of $16.91. The firm’s 50 day moving average is $15.13 and its 200-day moving average is $15.11. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date is Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio (DPR) is 91.93%.

Wall Street Analyst Weigh In

OBDC has been the subject of several recent research reports. Wells Fargo & Company upped their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $15.86.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. National Bank of Canada FI bought a new position in Blue Owl Capital during the second quarter worth about $26,000. Rothschild Investment LLC bought a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $61,000. Zions Bancorporation N.A. acquired a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $61,000. EverSource Wealth Advisors LLC raised its stake in Blue Owl Capital by 604.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock valued at $65,000 after acquiring an additional 3,580 shares during the period. Finally, nVerses Capital LLC lifted its holdings in Blue Owl Capital by 179.3% during the 2nd quarter. nVerses Capital LLC now owns 8,100 shares of the company’s stock valued at $124,000 after purchasing an additional 5,200 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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.