Icon Wealth Advisors LLC Buys 563,800 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Icon Wealth Advisors LLC lifted its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 3,524.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 579,799 shares of the company's stock after buying an additional 563,800 shares during the period. Icon Wealth Advisors LLC owned about 0.15% of Blue Owl Capital worth $8,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Raymond James Trust N.A. increased its holdings in Blue Owl Capital by 27.9% during the third quarter. Raymond James Trust N.A. now owns 28,657 shares of the company's stock worth $418,000 after buying an additional 6,251 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Blue Owl Capital by 16.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company's stock worth $4,878,000 after purchasing an additional 48,136 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Blue Owl Capital by 9.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 63,747 shares of the company's stock valued at $929,000 after purchasing an additional 5,415 shares during the period. CAP Partners LLC lifted its stake in Blue Owl Capital by 16.9% in the 3rd quarter. CAP Partners LLC now owns 17,476 shares of the company's stock valued at $255,000 after purchasing an additional 2,522 shares during the last quarter. Finally, Gilbert & Cook Inc. grew its holdings in Blue Owl Capital by 3.5% during the third quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company's stock worth $427,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Price Performance

Shares of OBDC stock traded up $0.15 during trading on Friday, hitting $15.22. The company had a trading volume of 1,865,923 shares, compared to its average volume of 1,631,257. The stock's 50-day moving average price is $14.91 and its 200 day moving average price is $15.33. Blue Owl Capital Co. has a one year low of $13.98 and a one year high of $16.91. 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 firm has a market capitalization of $5.94 billion, a P/E ratio of 9.45 and a beta of 0.86.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.37 per share. 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 dividend yield of 9.72%. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital's dividend payout ratio is 91.93%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Edward H. Dalelio bought 2,500 shares of Blue Owl Capital stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of $15.02 per share, with a total value of $37,550.00. Following the acquisition, the director now owns 9,016 shares in the company, valued at $135,420.32. This trade represents a 38.37 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.12% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on OBDC shares. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $16.00 to $15.50 and set a "market perform" rating on the stock in a research note on Tuesday, August 20th. Truist Financial decreased 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 report on Friday, August 9th. Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an "underweight" rating in a research note on Tuesday, October 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday. Finally, Raymond James cut Blue Owl Capital from an "outperform" rating to a "market perform" rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $16.07.

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.