One Charles Private Wealth Services LLC purchased a new position in shares of Blue Owl Capital Co. (NYSE:OBDC – Free Report) during the third quarter, Holdings Channel.com reports. The fund purchased 14,014 shares of the company’s stock, valued at approximately $204,000.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OBDC. Citizens Financial Group Inc. RI acquired a new stake in Blue Owl Capital in the 1st quarter valued at about $1,311,000. Legacy Capital Wealth Partners LLC boosted its position in shares of 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 worth $3,054,000 after buying an additional 103,123 shares during the period. First National Trust Co raised its position in Blue Owl Capital by 83.9% during 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 during the period. Advisors Asset Management Inc. grew its stake in Blue Owl Capital by 16.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock valued at $4,878,000 after acquiring an additional 48,136 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in Blue Owl Capital by 154.4% during the first quarter. Cetera Investment Advisers now owns 111,707 shares of the company’s stock valued at $1,718,000 after purchasing an additional 67,799 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on OBDC. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Raymond James lowered shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research note on Friday, August 9th. 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. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday. Finally, Keefe, Bruyette & Woods reduced their price target on 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.07.
Insider Buying and Selling at Blue Owl Capital
In other news, Director Edward H. Dalelio acquired 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were 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 of the company’s stock, valued at $135,420.32. This trade represents a 38.37 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.12% of the company’s stock.
Blue Owl Capital Stock Performance
Shares of NYSE OBDC opened at $15.22 on Friday. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91. The company has a market cap of $5.94 billion, a P/E ratio of 9.45 and a beta of 0.86. The business’s 50 day moving average is $14.91 and its two-hundred day moving average is $15.34. 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 business also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.72%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s payout ratio is 91.93%.
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.
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