Blue Owl Capital Co. (NYSE:OBDC) Position Increased by Adams Asset Advisors LLC

Adams Asset Advisors LLC grew its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 6.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,555 shares of the company’s stock after purchasing an additional 4,039 shares during the period. Adams Asset Advisors LLC’s holdings in Blue Owl Capital were worth $1,052,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. National Bank of Canada FI bought a new stake in Blue Owl Capital during the 2nd quarter valued at $26,000. Zions Bancorporation N.A. bought a new stake in Blue Owl Capital in the second quarter worth about $61,000. EverSource Wealth Advisors LLC lifted its holdings 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 last quarter. nVerses Capital LLC boosted its position in shares of Blue Owl Capital by 19.8% during the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock valued at $141,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Quad Cities Investment Group LLC bought a new stake in shares of Blue Owl Capital in the 3rd quarter worth approximately $148,000. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Up 1.4 %

NYSE OBDC traded up $0.21 during trading on Monday, reaching $14.76. 1,300,428 shares of the company’s stock were exchanged, compared to its average volume of 1,912,947. 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 Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The company’s fifty day simple moving average is $15.11 and its 200-day simple moving average is $15.05. The firm has a market capitalization of $5.76 billion, a PE ratio of 9.17 and a beta of 0.84.

Blue Owl Capital Increases Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a yield of 10.03%. Blue Owl Capital’s payout ratio is presently 91.93%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on OBDC. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. Wells Fargo & Company upped their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $15.92.

Blue Owl Capital 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.