Virtu Financial LLC Lowers Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Virtu Financial LLC lowered its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 20.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 38,168 shares of the company’s stock after selling 9,713 shares during the period. Virtu Financial LLC’s holdings in Blue Owl Capital were worth $556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. National Bank of Canada FI purchased a new position in Blue Owl Capital during the second quarter valued at approximately $26,000. CWM LLC increased its holdings in shares of Blue Owl Capital by 98.6% during the 2nd quarter. CWM LLC now owns 2,079 shares of the company’s stock valued at $32,000 after purchasing an additional 1,032 shares in the last quarter. Rothschild Investment LLC acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at $61,000. Zions Bancorporation N.A. purchased a new stake in Blue Owl Capital during the second quarter worth $61,000. Finally, EverSource Wealth Advisors LLC grew its position in Blue Owl Capital by 604.7% during the second quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock valued at $65,000 after buying an additional 3,580 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

NYSE:OBDC opened at $15.29 on Friday. The firm has a market cap of $5.97 billion, a P/E ratio of 9.50 and a beta of 0.85. The stock has a 50 day moving average of $15.07 and a two-hundred day moving average of $15.20. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.37 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a yield of 9.68%. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio is currently 91.93%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on OBDC shares. Wells Fargo & Company increased their target price 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. Keefe, Bruyette & Woods reaffirmed an “underperform” rating and issued a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a report on Thursday. Compass Point raised Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Hold” and a consensus price target of $15.86.

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.