FNY Investment Advisers LLC Takes Position in Blue Owl Capital Co. (NYSE:OBDC)

FNY Investment Advisers LLC acquired a new position in shares of Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, Holdings Channel.com reports. The fund acquired 53,900 shares of the company’s stock, valued at approximately $814,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Van ECK Associates Corp increased its stake in Blue Owl Capital by 4.9% in 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 in the last quarter. Stephens Inc. AR increased its stake in Blue Owl Capital by 4.3% in the third quarter. Stephens Inc. AR now owns 3,219,576 shares of the company’s stock valued at $46,909,000 after purchasing an additional 132,386 shares during the last quarter. Sound Income Strategies LLC lifted its holdings in shares of Blue Owl Capital by 4.8% during the 3rd 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 period. Sage Advisors LLC raised its position in shares of Blue Owl Capital by 3.7% in the 3rd quarter. Sage Advisors LLC now owns 1,996,927 shares of the company’s stock worth $29,095,000 after buying an additional 71,503 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of Blue Owl Capital by 15.9% in the 3rd quarter. Raymond James & Associates now owns 955,598 shares of the company’s stock valued at $13,923,000 after purchasing an additional 130,808 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on OBDC shares. 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 note on Thursday, December 12th. Wells Fargo & Company lifted their target price on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.92.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC opened at $14.86 on Tuesday. The firm has a market capitalization of $5.80 billion, a price-to-earnings ratio of 9.23 and a beta of 0.84. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. The business has a fifty day simple moving average of $15.11 and a 200 day simple moving average of $15.05. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The firm also recently disclosed 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 is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 9.96%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s payout ratio is currently 91.93%.

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.