Blue Owl Capital Co. (NYSE:OBDC) Shares Bought by Westend Capital Management LLC

Westend Capital Management LLC lifted its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 58.8% during the 4th quarter, Holdings Channel reports. The firm owned 4,816 shares of the company’s stock after buying an additional 1,784 shares during the period. Westend Capital Management LLC’s holdings in Blue Owl Capital were worth $73,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in OBDC. Advisors Asset Management Inc. increased its holdings 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 worth $4,878,000 after purchasing an additional 48,136 shares during the period. Legacy Capital Wealth Partners LLC increased its stake in shares of Blue Owl Capital by 96.8% during 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 holdings in 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 acquiring an additional 64,558 shares in the last quarter. Franklin Resources Inc. grew its holdings in Blue Owl Capital by 11.2% during the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock worth $11,116,000 after acquiring an additional 74,959 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter valued at approximately $814,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $14.85 on Friday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock has a market cap of $5.79 billion, a P/E ratio of 9.22 and a beta of 0.84. The stock has a 50 day moving average of $15.12 and a two-hundred day moving average of $15.04. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change 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 9.97%. Blue Owl Capital’s payout ratio is currently 91.93%.

Analysts Set New Price Targets

OBDC has been the subject of a number of analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Wells Fargo & Company increased their price objective 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 restated 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, December 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $15.92.

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.