Channel Wealth LLC Acquires 823 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Channel Wealth LLC lifted its stake in Blue Owl Capital Co. (NYSE:OBDC) by 1.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,500 shares of the company’s stock after acquiring an additional 823 shares during the period. Channel Wealth LLC’s holdings in Blue Owl Capital were worth $673,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OBDC. National Bank of Canada FI lifted its stake in shares of Blue Owl Capital by 144.7% in the third quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after buying an additional 2,460 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Blue Owl Capital by 604.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock worth $65,000 after acquiring an additional 3,580 shares during the period. nVerses Capital LLC grew its holdings in shares of Blue Owl Capital by 19.8% during the 3rd quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after purchasing an additional 1,600 shares in the last quarter. Quad Cities Investment Group LLC bought a new stake in shares of Blue Owl Capital during the third quarter valued at approximately $148,000. Finally, SPC Financial Inc. acquired a new position in shares of Blue Owl Capital in the third quarter valued at $149,000. Institutional investors own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. 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. Royal Bank of Canada reissued an “outperform” rating and issued a $17.00 price target on shares of Blue Owl Capital in a research report on Tuesday, November 19th. Finally, Keefe, Bruyette & Woods reaffirmed an “underperform” rating and set a $14.00 price objective (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 issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.92.

Blue Owl Capital Trading Down 0.2 %

Shares of Blue Owl Capital stock opened at $14.89 on Friday. The stock has a market capitalization of $5.81 billion, a P/E ratio of 9.25 and a beta of 0.84. Blue Owl Capital Co. has a 12-month low of $13.98 and a 12-month high of $16.91. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.30. The company has a 50-day simple moving average of $15.12 and a 200 day simple moving average of $15.04.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.94%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s payout ratio is 91.93%.

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.