Sanctuary Advisors LLC Buys 7,897 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Sanctuary Advisors LLC raised its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 4.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 175,305 shares of the company’s stock after acquiring an additional 7,897 shares during the period. Sanctuary Advisors LLC’s holdings in Blue Owl Capital were worth $2,668,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of OBDC. CWM LLC lifted its stake in Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after acquiring an additional 1,032 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Blue Owl Capital by 4.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 679,873 shares of the company’s stock valued at $10,443,000 after purchasing an additional 27,866 shares during the last quarter. NewSquare Capital LLC increased its position in shares of Blue Owl Capital by 12.1% during the 2nd quarter. NewSquare Capital LLC now owns 49,507 shares of the company’s stock valued at $760,000 after purchasing an additional 5,330 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of 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 valued at $619,000 after purchasing an additional 11,041 shares during the last quarter. Finally, HB Wealth Management LLC increased its position in shares of Blue Owl Capital by 13.5% during the 2nd quarter. HB Wealth Management LLC now owns 373,724 shares of the company’s stock valued at $5,740,000 after purchasing an additional 44,355 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Trading Up 0.1 %

Shares of OBDC opened at $15.11 on Wednesday. The business has a 50-day moving average of $15.07 and a 200 day moving average of $15.18. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The firm has a market cap of $5.89 billion, a P/E ratio of 9.38 and a beta of 0.85. 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 announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 9.80%. This is an increase 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 Analyst Weigh In

Several equities research analysts have recently issued reports on OBDC shares. Wells Fargo & Company raised their target price 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. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.86.

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.