Blue Owl Capital Co. (NYSE:OBDC) Shares Acquired by MML Investors Services LLC

MML Investors Services LLC lifted its position in Blue Owl Capital Co. (NYSE:OBDC) by 24.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,277 shares of the company’s stock after buying an additional 5,533 shares during the quarter. MML Investors Services LLC’s holdings in Blue Owl Capital were worth $412,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Northeast Financial Consultants Inc purchased a new position in Blue Owl Capital in the third quarter valued at $262,000. National Bank of Canada FI raised its position in Blue Owl Capital by 144.7% in the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock valued at $61,000 after purchasing an additional 2,460 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of Blue Owl Capital by 69.0% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 16,900 shares of the company’s stock valued at $246,000 after buying an additional 6,900 shares during the period. Texas Capital Bank Wealth Management Services Inc grew its holdings in Blue Owl Capital by 1.4% during the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 247,199 shares of the company’s stock worth $3,602,000 after acquiring an additional 3,362 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Blue Owl Capital by 8.5% during the third quarter. Stifel Financial Corp now owns 878,953 shares of the company’s stock worth $12,806,000 after purchasing an additional 69,042 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on OBDC. Royal Bank of Canada reissued an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a report on Tuesday, November 19th. Wells Fargo & Company raised their price target 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, 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 research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.86.

Blue Owl Capital Stock Up 0.8 %

OBDC opened at $15.31 on Tuesday. The business has a 50 day simple moving average of $15.10 and a 200-day simple moving average of $15.12. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91. The stock has a market capitalization of $5.97 billion, a P/E ratio of 9.51 and a beta of 0.85. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.28 and a quick ratio of 1.28.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, December 31st. This is a boost 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 9.67%. Blue Owl Capital’s dividend 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.