Ritholtz Wealth Management Buys 13,921 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Ritholtz Wealth Management boosted its stake in Blue Owl Capital Co. (NYSE:OBDC) by 58.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,698 shares of the company’s stock after acquiring an additional 13,921 shares during the period. Ritholtz Wealth Management’s holdings in Blue Owl Capital were worth $570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OBDC. Bank of New York Mellon Corp increased its position in shares of Blue Owl Capital by 37.7% during the second quarter. Bank of New York Mellon Corp now owns 40,313 shares of the company’s stock worth $619,000 after buying an additional 11,041 shares during the period. Envestnet Asset Management Inc. grew its holdings in Blue Owl Capital by 13.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 423,169 shares of the company’s stock worth $6,500,000 after acquiring an additional 50,752 shares during the period. Blair William & Co. IL raised its position in shares of Blue Owl Capital by 29.0% in the 2nd quarter. Blair William & Co. IL now owns 38,919 shares of the company’s stock worth $598,000 after acquiring an additional 8,759 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at about $684,000. Finally, Summit Trail Advisors LLC bought a new stake in shares of Blue Owl Capital during the 2nd quarter valued at about $212,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 0.4 %

NYSE:OBDC opened at $14.85 on Tuesday. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91. 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 company has a 50-day moving average price of $15.12 and a 200-day moving average price of $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 disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.97%. The ex-dividend date was Tuesday, December 31st. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio is 91.93%.

Analyst Upgrades and Downgrades

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

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.