Blue Owl Capital Co. (NYSE:OBDC) Stake Boosted by Brookstone Capital Management

Brookstone Capital Management grew its stake in shares of Blue Owl Capital Co. (NYSE:OBDC) by 13.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,820 shares of the company’s stock after acquiring an additional 11,813 shares during the period. Brookstone Capital Management’s holdings in Blue Owl Capital were worth $1,509,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Icon Wealth Advisors LLC boosted its holdings in Blue Owl Capital by 3,524.0% in the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after purchasing an additional 563,800 shares in the last quarter. Van ECK Associates Corp lifted its position in Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after acquiring an additional 347,155 shares during the last quarter. Trinity Financial Advisors LLC lifted its position in Blue Owl Capital by 32.3% during the 3rd quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock worth $12,471,000 after acquiring an additional 215,742 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Blue Owl Capital during the 2nd quarter worth $2,667,000. Finally, NewEdge Advisors LLC lifted its position in Blue Owl Capital by 151.4% during the 2nd quarter. NewEdge Advisors LLC now owns 271,820 shares of the company’s stock worth $4,175,000 after acquiring an additional 163,698 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $14.93 on Thursday. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The firm has a market capitalization of $5.83 billion, a PE ratio of 9.27 and a beta of 0.84. The firm has a 50-day moving average price of $15.12 and a 200 day moving average price of $15.04.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 9.91%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio is currently 91.93%.

Wall Street Analyst Weigh In

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