One Charles Private Wealth Services LLC Acquires Shares of 14,014 Blue Owl Capital Co. (NYSE:OBDC)

One Charles Private Wealth Services LLC bought a new position in Blue Owl Capital Co. (NYSE:OBDC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,014 shares of the company’s stock, valued at approximately $204,000.

A number of other large investors have also modified their holdings of the stock. Boston Partners purchased a new position in Blue Owl Capital in the 1st quarter worth approximately $15,010,000. Icon Wealth Advisors LLC lifted its position in shares of Blue Owl Capital by 3,524.0% during 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. LSV Asset Management boosted its stake in shares of Blue Owl Capital by 10.4% in the second quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock valued at $69,012,000 after purchasing an additional 423,934 shares during the period. 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. Finally, Trinity Financial Advisors LLC grew its holdings in Blue Owl Capital by 32.3% during the 3rd quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock valued at $12,471,000 after purchasing an additional 215,742 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC opened at $15.22 on Friday. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The business’s fifty day moving average price is $14.91 and its 200 day moving average price is $15.34. The stock has a market capitalization of $5.94 billion, a PE ratio of 9.45 and a beta of 0.86.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.72%. The ex-dividend date of this dividend is Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio is currently 91.93%.

Analyst Ratings Changes

A number of research firms have weighed in on OBDC. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Monday, August 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a report on Tuesday. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating on the stock in a report on Tuesday, August 20th. Wells Fargo & Company upped their target price on Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research report on Tuesday, October 29th. Finally, Truist Financial decreased their price target on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have 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, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $16.07.

Insider Activity at Blue Owl Capital

In related news, Director Edward H. Dalelio acquired 2,500 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, August 27th. The stock was acquired at an average price of $15.02 per share, for a total transaction of $37,550.00. Following the transaction, the director now directly owns 9,016 shares of the company’s stock, valued at $135,420.32. This trade represents a 38.37 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.12% of the company’s stock.

About Blue Owl Capital

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.