Amplius Wealth Advisors LLC Boosts Holdings in Blue Owl Capital Co. (NYSE:OBDC)

Amplius Wealth Advisors LLC raised its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 1.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 40,687 shares of the company’s stock after purchasing an additional 702 shares during the period. Amplius Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $615,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Advisors Asset Management Inc. lifted its stake in shares of Blue Owl Capital by 16.8% during the third quarter. Advisors Asset Management Inc. now owns 334,775 shares of the company’s stock valued at $4,878,000 after buying an additional 48,136 shares during the period. Legacy Capital Wealth Partners LLC raised its holdings in Blue Owl Capital by 96.8% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock valued at $3,054,000 after acquiring an additional 103,123 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Blue Owl Capital by 11.2% during the 3rd quarter. Franklin Resources Inc. now owns 742,041 shares of the company’s stock worth $11,116,000 after purchasing an additional 74,959 shares during the period. First National Trust Co boosted its holdings in shares of Blue Owl Capital by 83.9% during the third quarter. First National Trust Co now owns 141,524 shares of the company’s stock worth $2,062,000 after purchasing an additional 64,558 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter valued at $814,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on OBDC. Royal Bank of Canada reiterated an “outperform” rating and set a $17.00 target price on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Wells Fargo & Company increased their price objective on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 target price (down from $15.50) on shares of Blue Owl Capital in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and a consensus target price of $15.92.

Blue Owl Capital Trading Down 0.4 %

Shares of OBDC stock opened at $14.85 on Tuesday. 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 fifty-two week low of $13.98 and a fifty-two week high of $16.91. The firm’s 50 day moving average price is $15.12 and its two-hundred day moving average price is $15.03. The stock has a market cap of $5.79 billion, a price-to-earnings ratio of 9.22 and a beta of 0.84.

Blue Owl Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.37 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 9.97%. Blue Owl Capital’s payout ratio is presently 91.93%.

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.