Stifel Financial Corp Raises Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Stifel Financial Corp grew its position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) by 8.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 878,953 shares of the company's stock after purchasing an additional 69,042 shares during the quarter. Stifel Financial Corp owned about 0.23% of Blue Owl Capital worth $12,806,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Icon Wealth Advisors LLC increased its stake in shares of Blue Owl Capital by 3,524.0% in the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company's stock worth $8,448,000 after acquiring an additional 563,800 shares during the period. LSV Asset Management increased its position in shares of Blue Owl Capital by 10.4% in the second quarter. LSV Asset Management now owns 4,492,981 shares of the company's stock valued at $69,012,000 after buying an additional 423,934 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company's stock worth $112,754,000 after buying an additional 347,155 shares during the period. Trinity Financial Advisors LLC grew its position in shares of Blue Owl Capital by 32.3% in the third quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company's stock valued at $12,471,000 after purchasing an additional 215,742 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in Blue Owl Capital during the 2nd quarter worth approximately $2,667,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OBDC. Royal Bank of Canada reissued an "outperform" rating and issued a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Keefe, Bruyette & Woods reaffirmed an "underperform" rating and issued a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday. Compass Point upgraded shares of Blue Owl Capital to a "strong-buy" rating in a report on Monday, August 19th. Finally, Wells Fargo & Company increased 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. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $15.86.

Blue Owl Capital Stock Down 0.9 %

Blue Owl Capital stock traded down $0.14 during mid-day trading on Thursday, reaching $15.23. 1,592,276 shares of the company's stock were exchanged, compared to its average volume of 1,939,597. The company has a fifty day moving average of $15.06 and a 200-day moving average of $15.22. The company has a market cap of $5.94 billion, a P/E ratio of 9.46 and a beta of 0.85. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91.

Blue Owl Capital Increases Dividend

The business 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. The ex-dividend date is Tuesday, December 31st. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.06. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.72%. Blue Owl Capital's payout ratio is currently 91.93%.

Blue Owl Capital 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.