Winthrop Advisory Group LLC Acquires Shares of 57,529 Blue Owl Capital Co. (NYSE:OBDC)

Winthrop Advisory Group LLC acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 57,529 shares of the company’s stock, valued at approximately $870,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. National Bank of Canada FI acquired a new position in Blue Owl Capital in the second quarter worth about $26,000. Zions Bancorporation N.A. acquired a new position in Blue Owl Capital in the second quarter worth about $61,000. EverSource Wealth Advisors LLC grew its stake in Blue Owl Capital by 604.7% in the second quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock worth $65,000 after purchasing an additional 3,580 shares in the last quarter. nVerses Capital LLC grew its stake in Blue Owl Capital by 19.8% in the third quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Quad Cities Investment Group LLC acquired a new position in Blue Owl Capital in the third quarter worth about $148,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded up $0.07 on Monday, reaching $14.62. 349,856 shares of the company traded hands, compared to its average volume of 1,769,060. The company’s 50 day moving average is $15.11 and its 200-day moving average is $15.05. 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 fifty-two week low of $13.98 and a fifty-two week high of $16.91. The stock has a market capitalization of $5.70 billion, a PE ratio of 9.08 and a beta of 0.84.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.37 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.12%. Blue Owl Capital’s dividend payout ratio is 91.93%.

Wall Street Analysts Forecast Growth

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