Arkadios Wealth Advisors Grows Position in Blue Owl Capital Co. (NYSE:OBDC)

Arkadios Wealth Advisors grew its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 80.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,195 shares of the company's stock after acquiring an additional 22,440 shares during the period. Arkadios Wealth Advisors' holdings in Blue Owl Capital were worth $759,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in shares of Blue Owl Capital by 16.8% in the third quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company's stock valued at $4,878,000 after purchasing an additional 48,136 shares during the period. Legacy Capital Wealth Partners LLC lifted its stake in shares of Blue Owl Capital by 96.8% in the third quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company's stock valued at $3,054,000 after purchasing an additional 103,123 shares during the period. Franklin Resources Inc. lifted its stake in shares of Blue Owl Capital by 11.2% in the third quarter. Franklin Resources Inc. now owns 742,041 shares of the company's stock valued at $11,116,000 after purchasing an additional 74,959 shares during the period. First National Trust Co lifted its stake in shares of Blue Owl Capital by 83.9% in the third quarter. First National Trust Co now owns 141,524 shares of the company's stock valued at $2,062,000 after purchasing an additional 64,558 shares during the period. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $814,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on OBDC shares. Wells Fargo & Company raised 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 note on Tuesday, October 29th. Royal Bank of Canada restated an "outperform" rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods restated 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. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.92.

Blue Owl Capital Trading Up 0.6 %

Shares of NYSE:OBDC traded up $0.09 during trading on Tuesday, reaching $14.93. The stock had a trading volume of 3,614,586 shares, compared to its average volume of 2,500,517. The business has a fifty day moving average price of $15.12 and a 200-day moving average price of $15.03. 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 stock has a market cap of $5.82 billion, a P/E ratio of 9.27 and a beta of 0.84. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.92%. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.06. The ex-dividend date was Tuesday, December 31st. Blue Owl Capital's payout ratio is presently 91.93%.

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.