HB Wealth Management LLC Purchases 15,814 Shares of Blue Owl Capital Co. (NYSE:OBDC)

HB Wealth Management LLC boosted its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 6.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 275,185 shares of the company’s stock after acquiring an additional 15,814 shares during the quarter. HB Wealth Management LLC’s holdings in Blue Owl Capital were worth $4,161,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in Blue Owl Capital by 37.7% in 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 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 during the period. 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 acquiring an additional 8,759 shares in the last quarter. XTX Topco Ltd purchased a new position in Blue Owl Capital during the 2nd quarter valued at $684,000. Finally, Summit Trail Advisors LLC bought a new position in Blue Owl Capital in the 2nd quarter worth $212,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on OBDC. Wells Fargo & Company lifted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.92.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $14.85 on Friday. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve 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 company has a market capitalization of $5.79 billion, a P/E ratio of 9.22 and a beta of 0.84. The stock’s 50 day moving average is $15.12 and its 200 day moving average is $15.03.

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 paid a $0.37 dividend. This is a boost 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%.

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.