Winthrop Advisory Group LLC Invests $870,000 in Blue Owl Capital Co. (NYSE:OBDC)

Winthrop Advisory Group LLC purchased a new position in Blue Owl Capital Co. (NYSE:OBDC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 57,529 shares of the company's stock, valued at approximately $870,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. National Bank of Canada FI acquired a new position in Blue Owl Capital in the second quarter valued at $26,000. Zions Bancorporation N.A. acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at approximately $61,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 3,580 shares during the last quarter. nVerses Capital LLC raised its holdings in Blue Owl Capital by 19.8% in the third quarter. nVerses Capital LLC now owns 9,700 shares of the company's stock valued at $141,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Quad Cities Investment Group LLC bought a new stake in shares of Blue Owl Capital in the 3rd quarter worth about $148,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 2.1 %

NYSE OBDC traded up $0.31 during trading on Monday, reaching $14.86. The company's stock had a trading volume of 2,179,521 shares, compared to its average volume of 2,048,145. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $5.80 billion, a PE ratio of 9.23 and a beta of 0.84. Blue Owl Capital Co. has a 1-year low of $13.98 and a 1-year high of $16.91. The business has a 50-day moving average price of $15.11 and a 200-day moving average price of $15.05.

Blue Owl Capital Increases Dividend

The firm also recently disclosed 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 represents a $1.48 annualized dividend and a dividend yield of 9.96%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Blue Owl Capital's previous quarterly dividend of $0.06. Blue Owl Capital's payout ratio is presently 91.93%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OBDC. Royal Bank of Canada reaffirmed an "outperform" rating and set a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Wells Fargo & Company boosted their price target on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an "underweight" rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods reissued an "underperform" rating and issued a $14.00 price objective (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Blue Owl Capital presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.92.

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.