53,900 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by FNY Investment Advisers LLC

FNY Investment Advisers LLC purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 53,900 shares of the company’s stock, valued at approximately $814,000.

Other large investors have also bought and sold shares of the company. Adams Asset Advisors LLC lifted its position in Blue Owl Capital by 6.2% in the 4th quarter. Adams Asset Advisors LLC now owns 69,555 shares of the company’s stock worth $1,052,000 after buying an additional 4,039 shares during the last quarter. Brookstone Capital Management boosted its stake in Blue Owl Capital by 13.4% during the fourth quarter. Brookstone Capital Management now owns 99,820 shares of the company’s stock worth $1,509,000 after buying an additional 11,813 shares during the period. Winthrop Advisory Group LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter valued at approximately $870,000. Trinity Financial Advisors LLC raised its stake in shares of Blue Owl Capital by 7.0% during the fourth quarter. Trinity Financial Advisors LLC now owns 945,289 shares of the company’s stock valued at $14,784,000 after acquiring an additional 62,015 shares in the last quarter. Finally, Sterneck Capital Management LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter worth approximately $256,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 2.1 %

Shares of OBDC opened at $14.86 on Tuesday. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. The stock has a market capitalization of $5.80 billion, a price-to-earnings ratio of 9.23 and a beta of 0.84. The stock has a 50 day moving average price of $15.11 and a 200 day moving average price of $15.05. 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 company also recently announced 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 is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.96%. Blue Owl Capital’s payout ratio is presently 91.93%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday, November 19th. 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 research report on Thursday, December 12th. Finally, Wells Fargo & Company raised their target price 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. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $15.92.

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.