Blue Owl Capital Co. (NYSE:OBDC) Stock Holdings Cut by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd lessened its position in Blue Owl Capital Co. (NYSE:OBDC) by 14.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,200,000 shares of the company’s stock after selling 200,000 shares during the period. Border to Coast Pensions Partnership Ltd owned approximately 0.31% of Blue Owl Capital worth $18,132,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. National Bank of Canada FI boosted its holdings in Blue Owl Capital by 144.7% during the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after buying an additional 2,460 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Blue Owl Capital by 604.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock worth $65,000 after acquiring an additional 3,580 shares in the last quarter. nVerses Capital LLC grew its holdings in shares of Blue Owl Capital by 19.8% in the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after acquiring an additional 1,600 shares during the last quarter. Quad Cities Investment Group LLC acquired a new stake in shares of Blue Owl Capital during the third quarter worth $148,000. Finally, SPC Financial Inc. purchased a new stake in shares of Blue Owl Capital during the third quarter valued at $149,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

OBDC stock opened at $14.89 on Friday. The firm has a 50 day simple moving average of $15.12 and a 200 day simple moving average of $15.04. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week high of $16.91. The stock has a market cap of $5.81 billion, a P/E ratio of 9.25 and a beta of 0.84. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.37 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 9.94%. The ex-dividend date of this dividend was Tuesday, December 31st. Blue Owl Capital’s payout ratio is currently 91.93%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods restated an “underperform” rating and set a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Finally, Wells Fargo & Company raised their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $15.92.

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.