16,943 Shares in Blue Owl Capital Co. (NYSE:OBDC) Purchased by Sterneck Capital Management LLC

Sterneck Capital Management LLC purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,943 shares of the company’s stock, valued at approximately $256,000.

A number of other hedge funds also recently modified their holdings of the company. Icon Wealth Advisors LLC raised its position in Blue Owl Capital by 3,524.0% in the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after purchasing an additional 563,800 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of 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 worth $112,754,000 after buying an additional 347,155 shares during the period. Trinity Financial Advisors LLC boosted its stake in Blue Owl Capital by 32.3% in the 3rd quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock valued at $12,471,000 after buying an additional 215,742 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Blue Owl Capital in the second quarter valued at $2,667,000. Finally, NewEdge Advisors LLC raised its stake in Blue Owl Capital by 151.4% during the second quarter. NewEdge Advisors LLC now owns 271,820 shares of the company’s stock worth $4,175,000 after acquiring an additional 163,698 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

OBDC opened at $14.91 on Wednesday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $5.82 billion, a P/E ratio of 9.26 and a beta of 0.84. The company’s 50 day simple moving average is $15.13 and its 200-day simple moving average is $15.07. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.93%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 91.93%.

Wall Street Analysts Forecast Growth

OBDC has been the topic of several recent analyst reports. Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday, December 12th. Finally, 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. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Hold” and a consensus 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.