Mandatum Life Insurance Co Ltd Has $681,000 Stake in Blue Owl Capital Co. (NYSE:OBDC)

Mandatum Life Insurance Co Ltd raised its position in Blue Owl Capital Co. (NYSE:OBDC) by 16.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 45,051 shares of the company’s stock after purchasing an additional 6,337 shares during the quarter. Mandatum Life Insurance Co Ltd’s holdings in Blue Owl Capital were worth $681,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of OBDC. TruWealth Advisors LLC bought a new position in Blue Owl Capital in the fourth quarter valued at $647,000. HB Wealth Management LLC grew its holdings in shares of Blue Owl Capital by 6.1% in the 4th quarter. HB Wealth Management LLC now owns 275,185 shares of the company’s stock valued at $4,161,000 after acquiring an additional 15,814 shares in the last quarter. Westend Capital Management LLC increased its position in shares of Blue Owl Capital by 58.8% in the fourth quarter. Westend Capital Management LLC now owns 4,816 shares of the company’s stock valued at $73,000 after acquiring an additional 1,784 shares during the last quarter. Arkadios Wealth Advisors raised its holdings in Blue Owl Capital by 80.9% during the fourth quarter. Arkadios Wealth Advisors now owns 50,195 shares of the company’s stock worth $759,000 after acquiring an additional 22,440 shares in the last quarter. Finally, Channel Wealth LLC increased its position in shares of Blue Owl Capital by 1.9% during the 4th quarter. Channel Wealth LLC now owns 44,500 shares of the company’s stock worth $673,000 after purchasing an additional 823 shares during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $14.00 price target (down previously from $15.50) on shares of Blue Owl Capital in a research report on Thursday, December 12th. Wells Fargo & Company boosted their target price on Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a report on Tuesday, October 29th. Finally, 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. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.92.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $14.85 on Monday. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The stock has a market cap of $5.79 billion, a PE ratio of 9.22 and a beta of 0.84. 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’s fifty day moving average price is $15.12 and its two-hundred day moving average price is $15.03.

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 given a dividend of $0.37 per share. The ex-dividend date was Tuesday, December 31st. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a yield of 9.97%. Blue Owl Capital’s dividend payout ratio (DPR) 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.