D.A. Davidson & CO. Raises Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

D.A. Davidson & CO. increased its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 7.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 366,541 shares of the company’s stock after purchasing an additional 25,263 shares during the period. D.A. Davidson & CO.’s holdings in Blue Owl Capital were worth $5,341,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Van ECK Associates Corp boosted its stake in shares of Blue Owl Capital by 4.9% in the third 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 period. LSV Asset Management boosted its position in Blue Owl Capital by 10.4% in the 2nd quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock valued at $69,012,000 after buying an additional 423,934 shares during the last quarter. Stephens Inc. AR grew its stake in shares of Blue Owl Capital by 4.3% during the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock valued at $46,909,000 after acquiring an additional 132,386 shares in the last quarter. Sound Income Strategies LLC increased its position in shares of Blue Owl Capital by 4.8% during the third quarter. Sound Income Strategies LLC now owns 2,842,258 shares of the company’s stock worth $41,412,000 after acquiring an additional 130,181 shares during the last quarter. Finally, Sage Advisors LLC lifted its stake in shares of Blue Owl Capital by 3.7% in the third quarter. Sage Advisors LLC now owns 1,996,927 shares of the company’s stock worth $29,095,000 after acquiring an additional 71,503 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OBDC shares. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods decreased their price target on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a research report on Tuesday, August 20th. Truist Financial cut their price target on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Finally, Raymond James cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $16.07.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $15.14 on Thursday. The company has a market cap of $5.91 billion, a PE ratio of 9.40 and a beta of 0.86. 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 50-day simple moving average of $14.93 and a 200 day simple moving average of $15.30. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 9.78%. Blue Owl Capital’s dividend payout ratio is 91.93%.

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.