Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. cut its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 5.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 223,366 shares of the company’s stock after selling 12,524 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.06% of Blue Owl Capital worth $3,377,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Icon Wealth Advisors LLC boosted its position in Blue Owl Capital by 3,524.0% in the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after purchasing an additional 563,800 shares in the last quarter. Van ECK Associates Corp lifted its stake in shares of Blue Owl Capital by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after purchasing an additional 347,155 shares during the period. Trinity Financial Advisors LLC boosted its holdings in Blue Owl Capital by 32.3% during the third quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock worth $12,471,000 after buying an additional 215,742 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Blue Owl Capital during the second quarter valued at $2,667,000. Finally, NewEdge Advisors LLC increased its holdings in Blue Owl Capital by 151.4% in the second quarter. NewEdge Advisors LLC now owns 271,820 shares of the company’s stock valued at $4,175,000 after buying an additional 163,698 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 0.2 %

Shares of Blue Owl Capital stock opened at $14.89 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. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The firm has a market capitalization of $5.81 billion, a PE ratio of 9.25 and a beta of 0.84. The firm’s 50-day moving average price is $15.12 and its 200 day moving average price is $15.04.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.94%. The ex-dividend date of this dividend was 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%.

Analyst Upgrades and Downgrades

OBDC has been the topic of several recent analyst reports. Wells Fargo & Company increased their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods reiterated 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 restated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital has an average 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.