Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 112.7% during the third quarter, HoldingsChannel reports. The fund owned 12,719 shares of the company’s stock after buying an additional 6,738 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Blue Owl Capital were worth $185,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OBDC. National Bank of Canada FI purchased a new stake in shares of Blue Owl Capital during the 2nd quarter worth $26,000. CWM LLC boosted its holdings in Blue Owl Capital by 98.6% during the second quarter. CWM LLC now owns 2,079 shares of the company’s stock worth $32,000 after buying an additional 1,032 shares in the last quarter. Rothschild Investment LLC acquired a new position in Blue Owl Capital during the second quarter worth about $61,000. Zions Bancorporation N.A. purchased a new position in Blue Owl Capital in the second quarter valued at about $61,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Blue Owl Capital by 604.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock valued at $65,000 after acquiring an additional 3,580 shares during the period. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Up 0.4 %

Blue Owl Capital stock opened at $15.29 on Monday. The stock has a 50-day moving average price of $15.07 and a 200 day moving average price of $15.19. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The stock has a market cap of $5.97 billion, a PE ratio of 9.50 and a beta of 0.85. 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 Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday. Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Wells Fargo & Company raised their target price 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 research analysts have rated the stock with a sell rating, two have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus 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.