Integrated Wealth Concepts LLC Increases Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Integrated Wealth Concepts LLC grew its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 18.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,259 shares of the company’s stock after purchasing an additional 2,052 shares during the period. Integrated Wealth Concepts LLC’s holdings in Blue Owl Capital were worth $193,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Strategies Wealth Advisors LLC grew its holdings in Blue Owl Capital by 2.7% during the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock worth $434,000 after acquiring an additional 745 shares during the period. Gilbert & Cook Inc. grew its stake in shares of Blue Owl Capital by 3.5% during the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company’s stock worth $427,000 after purchasing an additional 1,000 shares during the period. CWM LLC increased its holdings in shares of Blue Owl Capital by 98.6% in the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,032 shares in the last quarter. Certuity LLC boosted its holdings in Blue Owl Capital by 1.8% during the second quarter. Certuity LLC now owns 62,858 shares of the company’s stock worth $965,000 after buying an additional 1,083 shares in the last quarter. Finally, Insigneo Advisory Services LLC boosted its holdings in Blue Owl Capital by 1.7% during the second quarter. Insigneo Advisory Services LLC now owns 67,588 shares of the company’s stock worth $978,000 after buying an additional 1,104 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 0.4 %

Shares of NYSE:OBDC opened at $15.29 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $5.96 billion, a P/E ratio of 9.49 and a beta of 0.85. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The stock’s fifty day simple moving average is $15.07 and its 200-day simple moving average is $15.21.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 9.68%. The ex-dividend date of this dividend is Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is currently 91.93%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on OBDC shares. 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 research report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Finally, Wells Fargo & Company lifted their price target 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. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.86.

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.