Captrust Financial Advisors Has $326,000 Position in Blue Owl Capital Co. (NYSE:OBDC)

Captrust Financial Advisors lifted its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 78.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,389 shares of the company’s stock after buying an additional 9,833 shares during the period. Captrust Financial Advisors’ holdings in Blue Owl Capital were worth $326,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. National Bank of Canada FI acquired a new stake in Blue Owl Capital in the 2nd quarter valued at about $26,000. CWM LLC boosted its stake 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 worth $32,000 after acquiring an additional 1,032 shares during the period. Rothschild Investment LLC acquired a new position in shares of Blue Owl Capital during the 2nd quarter worth approximately $61,000. Zions Bancorporation N.A. bought a new stake in Blue Owl Capital in the 2nd quarter valued at $61,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in 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 $15.29 on Friday. The firm has a market cap of $5.97 billion, a PE ratio of 9.50 and a beta of 0.85. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28. The stock’s fifty day moving average price is $15.07 and its two-hundred day moving average price is $15.20. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91.

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 given a dividend of $0.37 per share. 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 annualized dividend and a yield of 9.68%. Blue Owl Capital’s dividend payout ratio is currently 91.93%.

Analyst Upgrades and Downgrades

OBDC has been the topic of several research analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Wells Fargo & Company upped their target price 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. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 price target (down from $15.50) on shares of Blue Owl Capital in a research note on Thursday. Two 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital currently has an average rating of “Hold” and an average target price of $15.86.

Blue Owl Capital Company 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.