First Affirmative Financial Network lowered its position in shares of Blue Owl Capital Co. (NYSE:OBDC – Free Report) by 11.1% in the 4th quarter, HoldingsChannel reports. The firm owned 18,731 shares of the company’s stock after selling 2,337 shares during the quarter. First Affirmative Financial Network’s holdings in Blue Owl Capital were worth $283,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in OBDC. Fifth Third Bancorp increased its holdings in shares of Blue Owl Capital by 192.2% in the fourth quarter. Fifth Third Bancorp now owns 2,922 shares of the company’s stock worth $44,000 after buying an additional 1,922 shares during the period. National Bank of Canada FI increased its holdings in shares of Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares during the period. Westend Capital Management LLC increased its holdings in shares of Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock worth $73,000 after buying an additional 1,784 shares during the period. nVerses Capital LLC increased its holdings in shares of Blue Owl Capital by 19.8% in the third quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after buying an additional 1,600 shares during the period. Finally, Quad Cities Investment Group LLC purchased a new position in shares of Blue Owl Capital in the third quarter worth about $148,000. Institutional investors own 42.83% of the company’s stock.
Blue Owl Capital Stock Up 0.8 %
Shares of NYSE:OBDC opened at $15.06 on Friday. Blue Owl Capital Co. has a 52-week low of $13.98 and a 52-week high of $16.91. The firm has a market capitalization of $5.87 billion, a P/E ratio of 9.35 and a beta of 0.84. The stock has a 50 day moving average price of $15.12 and a 200-day moving average price of $15.00. 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 Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 9.83%. The ex-dividend date of this dividend was Tuesday, December 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio (DPR) is 91.93%.
Wall Street Analysts Forecast Growth
OBDC has been the topic of several analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Wells Fargo & Company upped 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. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.92.
Get Our Latest Stock Report on OBDC
Blue Owl Capital Company 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.
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