Integrated Wealth Concepts LLC Boosts Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Integrated Wealth Concepts LLC grew its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 18.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,259 shares of the company’s stock after buying an additional 2,052 shares during the period. Integrated Wealth Concepts LLC’s holdings in Blue Owl Capital were worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Icon Wealth Advisors LLC lifted its stake in Blue Owl Capital by 3,524.0% during the third quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after purchasing an additional 563,800 shares during the last quarter. LSV Asset Management lifted its position in shares of Blue Owl Capital by 10.4% during the 2nd quarter. LSV Asset Management now owns 4,492,981 shares of the company’s stock worth $69,012,000 after buying an additional 423,934 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Blue Owl Capital by 4.9% during the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after buying an additional 347,155 shares during the last quarter. Trinity Financial Advisors LLC grew its position in shares of Blue Owl Capital by 32.3% in the 3rd quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock valued at $12,471,000 after buying an additional 215,742 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Blue Owl Capital during the 2nd quarter worth $2,667,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on OBDC shares. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $14.00 price objective (down previously from $15.50) on shares of Blue Owl Capital in a research note on Thursday. Royal Bank of Canada restated an “outperform” rating and set a $17.00 price target on shares of Blue Owl Capital in a research note on Tuesday, November 19th. Compass Point upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company raised their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the stock an “underweight” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Hold” and a consensus target price of $15.86.

Blue Owl Capital Trading Up 0.4 %

Shares of OBDC stock opened at $15.29 on Friday. The company has a market capitalization of $5.96 billion, a P/E ratio of 9.49 and a beta of 0.85. 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 business’s 50 day moving average is $15.07 and its two-hundred day moving average is $15.21. Blue Owl Capital Co. has a twelve month low of $13.98 and a twelve month high of $16.91.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 9.68%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 91.93%.

Blue Owl Capital Company 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.