B. Riley Wealth Advisors Inc. Sells 1,570 Shares of Blue Owl Capital Co. (NYSE:OBDC)

B. Riley Wealth Advisors Inc. trimmed its position in Blue Owl Capital Co. (NYSE:OBDCFree Report) by 3.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,239 shares of the company’s stock after selling 1,570 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Blue Owl Capital were worth $662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. raised its position in shares of Blue Owl Capital by 16.8% during the third quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock worth $4,878,000 after purchasing an additional 48,136 shares during the period. Legacy Capital Wealth Partners LLC increased its position in shares of Blue Owl Capital by 96.8% during the third quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock worth $3,054,000 after acquiring an additional 103,123 shares in the last quarter. First National Trust Co raised its holdings in shares of Blue Owl Capital by 83.9% in the 3rd quarter. First National Trust Co now owns 141,524 shares of the company’s stock worth $2,062,000 after acquiring an additional 64,558 shares during the last quarter. Van ECK Associates Corp boosted its stake in Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock valued at $112,754,000 after purchasing an additional 347,155 shares during the last quarter. Finally, Granite FO LLC bought a new stake in Blue Owl Capital during the 2nd quarter worth approximately $1,226,000. Institutional investors own 42.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. 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 report 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 report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and issued a $14.00 target price (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of “Hold” and a consensus price target of $15.86.

View Our Latest Analysis on Blue Owl Capital

Blue Owl Capital Trading Down 1.3 %

Shares of OBDC opened at $14.90 on Thursday. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The business has a 50-day moving average of $15.08 and a 200 day moving average of $15.16. The firm has a market cap of $5.81 billion, a P/E ratio of 9.25 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 firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 9.93%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s payout ratio is 91.93%.

Blue Owl Capital Profile

(Free Report)

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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Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OBDC)

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