Amplius Wealth Advisors LLC Grows Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Amplius Wealth Advisors LLC grew its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,687 shares of the company’s stock after purchasing an additional 702 shares during the period. Amplius Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $615,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in Blue Owl Capital by 37.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 40,313 shares of the company’s stock worth $619,000 after buying an additional 11,041 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Blue Owl Capital by 13.6% in the second quarter. Envestnet Asset Management Inc. now owns 423,169 shares of the company’s stock worth $6,500,000 after acquiring an additional 50,752 shares in the last quarter. Blair William & Co. IL boosted its holdings in Blue Owl Capital by 29.0% in the second 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 Blue Owl Capital during the 2nd quarter valued at approximately $684,000. Finally, Summit Trail Advisors LLC purchased a new stake in Blue Owl Capital during the 2nd quarter worth approximately $212,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 0.4 %

Blue Owl Capital stock opened at $14.85 on Tuesday. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The firm’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. The company has a market cap of $5.79 billion, a P/E ratio of 9.22 and a beta of 0.84.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.37 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.97%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio (DPR) is currently 91.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. 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 note on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. 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 assigned a strong buy rating to the company. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus price target 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.