Winthrop Advisory Group LLC Invests $870,000 in Blue Owl Capital Co. (NYSE:OBDC)

Winthrop Advisory Group LLC purchased a new stake in Blue Owl Capital Co. (NYSE:OBDC) in the fourth quarter, HoldingsChannel reports. The firm purchased 57,529 shares of the company’s stock, valued at approximately $870,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. National Bank of Canada FI acquired a new stake in shares of Blue Owl Capital in the second quarter valued at approximately $26,000. Zions Bancorporation N.A. bought a new position in Blue Owl Capital in the second quarter valued at approximately $61,000. EverSource Wealth Advisors LLC boosted 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 valued at $65,000 after acquiring an additional 3,580 shares during the last quarter. nVerses Capital LLC boosted 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 valued at $141,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Quad Cities Investment Group LLC bought a new position in Blue Owl Capital in the third quarter valued at approximately $148,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Up 0.5 %

OBDC stock traded up $0.07 during midday trading on Monday, hitting $14.62. The company’s stock had a trading volume of 349,856 shares, compared to its average volume of 1,769,060. 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 twelve month low of $13.98 and a twelve month high of $16.91. The company’s fifty day moving average price is $15.11 and its 200 day moving average price is $15.05. The stock has a market capitalization of $5.70 billion, a P/E ratio of 9.08 and a beta of 0.84.

Blue Owl Capital Increases Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Wells Fargo & Company lifted their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating and set a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Two 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average 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.