Brown Advisory Inc. Takes Position in Blue Owl Capital Co. (NYSE:OBDC)

Brown Advisory Inc. acquired a new stake in Blue Owl Capital Co. (NYSE:OBDC) during the fourth quarter, Holdings Channel.com reports. The firm acquired 26,247 shares of the company’s stock, valued at approximately $387,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GPS Wealth Strategies Group LLC acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $41,000. Spire Wealth Management acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $45,000. CVA Family Office LLC acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $61,000. Register Financial Advisors LLC acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $64,000. Finally, Parkside Financial Bank & Trust acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $66,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Shares of OBDC opened at $16.60 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 8.38 and a beta of 0.88. The stock has a 50 day moving average of $15.81 and a 200 day moving average of $15.22. Blue Owl Capital Co. has a 12 month low of $12.99 and a 12 month high of $16.64.

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.92%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, May 31st. Blue Owl Capital’s dividend payout ratio (DPR) is presently 70.71%.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average cost of $15.07 per share, with a total value of $45,210.00. Following the completion of the transaction, the director now owns 6,217 shares of the company’s stock, valued at approximately $93,690.19. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.12% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

OBDC has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday. JMP Securities reissued a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Tuesday, March 26th. Hovde Group boosted their price objective on Blue Owl Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, May 10th. Finally, Wells Fargo & Company boosted their price objective on Blue Owl Capital from $13.00 to $14.50 and gave the stock an “underweight” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

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.