19,446 Shares in Blue Owl Capital Co. (NYSE:OBDC) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired 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 & Exchange Commission. The fund acquired 19,446 shares of the company’s stock, valued at approximately $283,000.

Several other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC grew its holdings in shares of Blue Owl Capital by 4.7% in the third quarter. Sanctuary Advisors LLC now owns 175,305 shares of the company’s stock worth $2,668,000 after acquiring an additional 7,897 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Blue Owl Capital by 112.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 12,719 shares of the company’s stock worth $185,000 after acquiring an additional 6,738 shares during the period. Y Intercept Hong Kong Ltd grew its holdings in shares of Blue Owl Capital by 82.3% in the third quarter. Y Intercept Hong Kong Ltd now owns 61,456 shares of the company’s stock worth $895,000 after acquiring an additional 27,745 shares during the period. MML Investors Services LLC grew its holdings in shares of Blue Owl Capital by 24.3% in the third quarter. MML Investors Services LLC now owns 28,277 shares of the company’s stock worth $412,000 after acquiring an additional 5,533 shares during the period. Finally, Northeast Financial Consultants Inc bought a new stake in shares of Blue Owl Capital in the third quarter worth $262,000. Institutional investors own 42.83% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company lifted their price objective on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital presently has an average rating of “Hold” and an average target price of $15.86.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $15.11 on Wednesday. The stock’s 50-day simple moving average is $15.07 and its 200-day simple moving average is $15.18. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 9.38 and a beta of 0.85. 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 firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 9.80%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, December 31st. Blue Owl Capital’s payout ratio is presently 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.