Captrust Financial Advisors Acquires 9,833 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Captrust Financial Advisors grew its stake in Blue Owl Capital Co. (NYSE:OBDC) by 78.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,389 shares of the company’s stock after purchasing an additional 9,833 shares during the period. Captrust Financial Advisors’ holdings in Blue Owl Capital were worth $326,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of OBDC. National Bank of Canada FI acquired a new position in Blue Owl Capital in the second quarter valued at about $26,000. CWM LLC raised its stake in shares of Blue Owl Capital by 98.6% in the second quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after acquiring an additional 1,032 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Blue Owl Capital in the 2nd quarter worth approximately $61,000. Zions Bancorporation N.A. bought a new stake in Blue Owl Capital during the 2nd quarter worth approximately $61,000. Finally, EverSource Wealth Advisors LLC raised its position in Blue Owl Capital by 604.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock valued at $65,000 after purchasing an additional 3,580 shares during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OBDC has been the subject of a number of research analyst reports. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. Finally, Wells Fargo & Company upped their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $15.86.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $15.29 on Friday. The firm has a market capitalization of $5.97 billion, a price-to-earnings ratio of 9.50 and a beta of 0.85. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. 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 firm has a fifty day moving average of $15.07 and a 200-day moving average of $15.20.

Blue Owl Capital Increases Dividend

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

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.