Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by HB Wealth Management LLC

HB Wealth Management LLC increased its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 13.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 373,724 shares of the company’s stock after purchasing an additional 44,355 shares during the quarter. HB Wealth Management LLC owned approximately 0.10% of Blue Owl Capital worth $5,740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at about $2,180,000. abrdn plc purchased a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $1,965,000. Atria Wealth Solutions Inc. acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $1,074,000. Truist Financial Corp purchased a new stake in Blue Owl Capital in the 4th quarter valued at $901,000. Finally, Gilbert & Cook Inc. acquired a new stake in Blue Owl Capital during the 4th quarter worth $2,644,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OBDC has been the subject of a number of research reports. Raymond James cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Wells Fargo & Company lowered their target price on Blue Owl Capital from $15.50 to $14.00 and set an “underweight” rating on the stock in a research note on Friday, August 9th. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Monday, August 12th. Truist Financial lowered their price objective on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Hovde Group upped their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $15.94.

Blue Owl Capital Price Performance

Shares of OBDC traded up $0.06 during trading hours on Thursday, reaching $15.10. The company had a trading volume of 208,020 shares, compared to its average volume of 2,018,959. The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 7.60 and a beta of 0.87. Blue Owl Capital Co. has a 12-month low of $12.99 and a 12-month high of $16.91. The firm has a 50 day simple moving average of $15.20 and a 200-day simple moving average of $15.52. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.24.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.06 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.24 annualized dividend and a dividend yield of 1.59%. Blue Owl Capital’s payout ratio is 74.75%.

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.