Rockefeller Capital Management L.P. Raises Position in Blue Owl Capital Co. (NYSE:OBDC)

Rockefeller Capital Management L.P. lifted its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 524,155 shares of the company's stock after purchasing an additional 43,770 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.13% of Blue Owl Capital worth $7,637,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in OBDC. Strategies Wealth Advisors LLC lifted its position in Blue Owl Capital by 2.7% during the 2nd quarter. Strategies Wealth Advisors LLC now owns 28,265 shares of the company's stock worth $434,000 after acquiring an additional 745 shares during the period. Intellectus Partners LLC lifted its position in Blue Owl Capital by 0.7% during the 2nd quarter. Intellectus Partners LLC now owns 120,846 shares of the company's stock worth $1,901,000 after acquiring an additional 809 shares during the period. Redhawk Wealth Advisors Inc. lifted its position in Blue Owl Capital by 2.0% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 44,212 shares of the company's stock worth $679,000 after acquiring an additional 881 shares during the period. Gilbert & Cook Inc. lifted its position in Blue Owl Capital by 3.5% during the 3rd quarter. Gilbert & Cook Inc. now owns 29,327 shares of the company's stock worth $427,000 after acquiring an additional 1,000 shares during the period. Finally, CWM LLC lifted its holdings in shares of Blue Owl Capital by 98.6% in the 2nd quarter. CWM LLC now owns 2,079 shares of the company's stock valued at $32,000 after buying an additional 1,032 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of NYSE OBDC traded up $0.01 during trading on Wednesday, reaching $15.42. The company had a trading volume of 1,483,700 shares, compared to its average volume of 1,945,750. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91. The stock has a market capitalization of $6.02 billion, a PE ratio of 9.57 and a beta of 0.85. The stock has a 50-day moving average price of $14.97 and a two-hundred day moving average price of $15.26. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.37 dividend. 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 yield of 9.60%. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital's dividend payout ratio is presently 91.93%.

Analysts Set New Price Targets

OBDC has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target on Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods decreased their price target 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. Royal Bank of Canada restated an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Truist Financial decreased their price target on Blue Owl Capital from $18.00 to $17.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Finally, Raymond James downgraded Blue Owl Capital from an "outperform" rating to a "market perform" rating in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average 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.