First National Trust Co Increases Stake in Blue Owl Capital Co. (NYSE:OBDC)

First National Trust Co grew its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 83.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 141,524 shares of the company’s stock after purchasing 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 reporting period.

Several other large investors have also recently modified their holdings of OBDC. National Bank of Canada FI purchased a new position in Blue Owl Capital in the 2nd quarter valued at approximately $26,000. CWM LLC boosted its holdings 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 worth $32,000 after acquiring an additional 1,032 shares during the period. Headlands Technologies LLC purchased a new position in shares of Blue Owl Capital in the first quarter valued at $40,000. Rothschild Investment LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter valued at $61,000. Finally, Zions Bancorporation N.A. purchased a new stake in Blue Owl Capital during the 2nd quarter worth about $61,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $14.73 on Wednesday. The firm has a market capitalization of $5.75 billion, a PE ratio of 9.15 and a beta of 0.86. The business’s 50-day moving average price is $14.88 and its 200-day moving average price is $15.38. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91.

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 paid a $0.37 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.05%. Blue Owl Capital’s dividend payout ratio is 91.93%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on OBDC shares. Wells Fargo & Company upped their price target 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. Keefe, Bruyette & Woods cut their price target on shares of Blue Owl Capital from $16.00 to $15.50 and set a “market perform” rating for the company in a report on Tuesday, August 20th. Raymond James cut shares of Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Truist Financial dropped their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $17.00 target price on shares of Blue Owl Capital in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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 dated Tuesday, August 27th. The shares were purchased at an average cost of $15.02 per share, with a total value of $37,550.00. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.12% of the stock is owned by insiders.

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.