Kovitz Investment Group Partners LLC Buys 6,900 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Kovitz Investment Group Partners LLC raised its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 69.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,900 shares of the company’s stock after purchasing an additional 6,900 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in Blue Owl Capital were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Strategies Wealth Advisors LLC lifted its position in Blue Owl Capital by 2.7% during the second quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company’s stock valued at $434,000 after purchasing an additional 745 shares during the last quarter. Gilbert & Cook Inc. lifted its holdings in shares of Blue Owl Capital by 3.5% in the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company’s stock worth $427,000 after acquiring an additional 1,000 shares during the last quarter. CWM LLC lifted its holdings in shares of Blue Owl Capital by 98.6% in the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock worth $32,000 after acquiring an additional 1,032 shares during the last quarter. Certuity LLC lifted its holdings in shares of Blue Owl Capital by 1.8% in the 2nd quarter. Certuity LLC now owns 62,858 shares of the company’s stock worth $965,000 after acquiring an additional 1,083 shares during the last quarter. Finally, Insigneo Advisory Services LLC lifted its holdings in shares of Blue Owl Capital by 1.7% in the 2nd quarter. Insigneo Advisory Services LLC now owns 67,588 shares of the company’s stock worth $978,000 after acquiring an additional 1,104 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Trading Up 0.4 %

NYSE:OBDC opened at $15.29 on Friday. The company has a fifty day moving average of $15.07 and a 200 day moving average of $15.21. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week 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 firm has a market capitalization of $5.96 billion, a P/E ratio of 9.49 and a beta of 0.85.

Blue Owl Capital Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on OBDC shares. Wells Fargo & Company boosted their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Compass Point upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a report on Thursday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.86.

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.