First National Trust Co Acquires 64,558 Shares of Blue Owl Capital Co. (NYSE:OBDC)

First National Trust Co boosted its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 83.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,524 shares of the company’s stock after acquiring an additional 64,558 shares during the quarter. First National Trust Co’s holdings in Blue Owl Capital were worth $2,062,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. National Bank of Canada FI acquired a new stake in Blue Owl Capital in the second quarter valued at $26,000. CWM LLC increased its stake in shares of Blue Owl Capital by 98.6% in the second quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after buying an additional 1,032 shares during the period. Headlands Technologies LLC bought a new position in shares of Blue Owl Capital during the first quarter worth about $40,000. Rothschild Investment LLC bought a new stake in Blue Owl Capital in the second quarter valued at approximately $61,000. Finally, Zions Bancorporation N.A. bought a new stake in Blue Owl Capital in the second quarter valued at approximately $61,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Down 0.9 %

Blue Owl Capital stock opened at $14.73 on Wednesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm’s fifty day moving average price is $14.88 and its two-hundred day moving average price is $15.38. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 9.15 and a beta of 0.86. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a yield of 10.05%. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital’s payout ratio is currently 91.93%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OBDC. Truist Financial reduced their price objective on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. 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 research report on Tuesday, October 29th. Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 12th. One equities 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 given a strong buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $16.07.

Insider Transactions at Blue Owl Capital

In related news, Director Edward H. Dalelio purchased 2,500 shares of the firm’s 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 completion of the acquisition, the director now owns 9,016 shares of the company’s stock, valued at $135,420.32. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.12% of the company’s stock.

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.