Blue Owl Capital Co. (NYSE:OBDC) Shares Bought by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC increased its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 9.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,037 shares of the company’s stock after acquiring an additional 1,600 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $277,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Citizens Financial Group Inc. RI acquired a new stake in shares of Blue Owl Capital in the 1st quarter valued at about $1,311,000. Legacy Capital Wealth Partners LLC increased its holdings in Blue Owl Capital by 96.8% in the third quarter. Legacy Capital Wealth Partners LLC now owns 209,617 shares of the company’s stock valued at $3,054,000 after buying an additional 103,123 shares during the last quarter. Cetera Investment Advisers raised its stake in Blue Owl Capital by 154.4% during the first quarter. Cetera Investment Advisers now owns 111,707 shares of the company’s stock valued at $1,718,000 after buying an additional 67,799 shares in the last quarter. First National Trust Co lifted its holdings in Blue Owl Capital by 83.9% during the 3rd quarter. First National Trust Co now owns 141,524 shares of the company’s stock worth $2,062,000 after buying an additional 64,558 shares during the last quarter. Finally, Van ECK Associates Corp grew its position in shares of Blue Owl Capital by 4.9% in the 3rd quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after acquiring an additional 347,155 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC traded up $0.06 on Friday, hitting $14.88. The company’s stock had a trading volume of 1,206,795 shares, compared to its average volume of 1,943,855. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 9.25 and a beta of 0.86. The stock’s 50-day moving average is $14.88 and its two-hundred day moving average is $15.36. Blue Owl Capital Co. has a 12 month low of $13.98 and a 12 month high of $16.91. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.28 and a current 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. Shareholders of record on Tuesday, December 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 9.95%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.06. The ex-dividend date is Tuesday, December 31st. Blue Owl Capital’s payout ratio is 91.93%.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Edward H. Dalelio purchased 2,500 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average cost of $15.02 per share, for a total transaction of $37,550.00. Following the completion of the transaction, the director now owns 9,016 shares in the company, valued at $135,420.32. The trade was a 38.37 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on OBDC shares. Wells Fargo & Company boosted their target price on shares of Blue Owl Capital from $14.00 to $14.50 and gave the company an “underweight” rating in a research note on Tuesday, October 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Blue Owl Capital in a research report on Monday, August 12th. Compass Point raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Monday, August 19th. Raymond James lowered Blue Owl Capital from an “outperform” rating to a “market perform” rating in a report on Friday, August 9th. Finally, Truist Financial reduced their price objective on Blue Owl Capital from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $16.07.

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.