42,803 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by TruWealth Advisors LLC

TruWealth Advisors LLC purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 42,803 shares of the company’s stock, valued at approximately $647,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its stake in shares of Blue Owl Capital by 37.7% in the second quarter. Bank of New York Mellon Corp now owns 40,313 shares of the company’s stock worth $619,000 after acquiring an additional 11,041 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Blue Owl Capital by 13.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 423,169 shares of the company’s stock worth $6,500,000 after purchasing an additional 50,752 shares during the period. Blair William & Co. IL boosted its stake in shares of Blue Owl Capital by 29.0% in the 2nd quarter. Blair William & Co. IL now owns 38,919 shares of the company’s stock valued at $598,000 after purchasing an additional 8,759 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Blue Owl Capital during the second quarter worth $684,000. Finally, Summit Trail Advisors LLC bought a new position in Blue Owl Capital during the second quarter worth $212,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on OBDC. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Wells Fargo & Company raised their target price on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.92.

Blue Owl Capital Stock Down 0.4 %

OBDC stock opened at $14.85 on Friday. The stock’s 50 day simple moving average is $15.12 and its 200 day simple moving average is $15.03. The company has a market cap of $5.79 billion, a P/E ratio of 9.22 and a beta of 0.84. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

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 dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.97%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, December 31st. 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.