Raymond James Trust N.A. Raises Stock Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Raymond James Trust N.A. lifted its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 27.9% in the third quarter, HoldingsChannel reports. The firm owned 28,657 shares of the company’s stock after purchasing an additional 6,251 shares during the quarter. Raymond James Trust N.A.’s holdings in Blue Owl Capital were worth $418,000 at the end of the most recent reporting period.

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

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $15.14 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current ratio of 1.28. The company’s 50 day simple moving average is $14.92 and its 200-day simple moving average is $15.31. Blue Owl Capital Co. has a 1 year low of $13.98 and a 1 year high of $16.91. The company has a market capitalization of $5.91 billion, a price-to-earnings ratio of 9.43 and a beta of 0.86.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.37 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a dividend yield of 9.78%. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital’s payout ratio is 91.93%.

Analysts Set New Price Targets

A number of analysts recently issued reports on OBDC shares. Wells Fargo & Company raised their price target on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Truist Financial reduced their price objective on shares of Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, August 9th. Finally, Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. One 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, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $16.07.

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.