SeaCrest Wealth Management LLC Buys 17,395 Shares of Blue Owl Capital Co. (NYSE:OBDC)

SeaCrest Wealth Management LLC raised its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 18.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 109,684 shares of the company’s stock after acquiring an additional 17,395 shares during the period. SeaCrest Wealth Management LLC’s holdings in Blue Owl Capital were worth $1,658,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of OBDC. Advisors Asset Management Inc. boosted its stake in shares of 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 boosted its position 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 valued at $3,054,000 after buying an additional 103,123 shares during the period. First National Trust Co grew its stake in shares of 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 last quarter. Franklin Resources Inc. grew its stake in shares of Blue Owl Capital by 11.2% during the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock valued at $11,116,000 after buying an additional 74,959 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Blue Owl Capital by 4.9% in the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after buying an additional 347,155 shares during the period. Institutional investors own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OBDC shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Finally, 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 report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $15.92.

Blue Owl Capital Stock Performance

OBDC stock opened at $15.00 on Wednesday. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The business has a 50-day moving average price of $15.12 and a 200 day moving average price of $15.05. The company has a market capitalization of $5.85 billion, a P/E ratio of 9.32 and a beta of 0.84. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28.

Blue Owl Capital Increases Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 9.87%. The ex-dividend date is Tuesday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio is presently 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.