Mandatum Life Insurance Co Ltd Purchases 6,337 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Mandatum Life Insurance Co Ltd raised its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 16.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 45,051 shares of the company’s stock after buying an additional 6,337 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Blue Owl Capital were worth $681,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of OBDC. TruWealth Advisors LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at about $647,000. HB Wealth Management LLC boosted its stake in Blue Owl Capital by 6.1% during the 4th quarter. HB Wealth Management LLC now owns 275,185 shares of the company’s stock valued at $4,161,000 after purchasing an additional 15,814 shares during the last quarter. Westend Capital Management LLC increased its holdings in Blue Owl Capital by 58.8% during the 4th quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after purchasing an additional 1,784 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Blue Owl Capital by 80.9% in the fourth quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company’s stock worth $759,000 after purchasing an additional 22,440 shares during the last quarter. Finally, Channel Wealth LLC lifted its holdings in shares of Blue Owl Capital by 1.9% in the fourth quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock valued at $673,000 after purchasing an additional 823 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $14.85 on Monday. The company has a market capitalization of $5.79 billion, a P/E ratio of 9.22 and a beta of 0.84. The company’s 50-day moving average is $15.12 and its 200 day moving average is $15.03. 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 business 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 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 9.97%. The ex-dividend date was Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio is currently 91.93%.

Wall Street Analysts Forecast Growth

OBDC has been the subject of a number of analyst reports. Wells Fargo & Company increased their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $15.92.

About Blue Owl Capital

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.