Blue Owl Capital Co. (NYSE:OBDC) Shares Sold by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. cut its holdings in shares of Blue Owl Capital Co. (NYSE:OBDC) by 6.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 44,864 shares of the company’s stock after selling 3,309 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Blue Owl Capital were worth $678,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Icon Wealth Advisors LLC increased its holdings in Blue Owl Capital by 3,524.0% in the 3rd quarter. Icon Wealth Advisors LLC now owns 579,799 shares of the company’s stock worth $8,448,000 after acquiring an additional 563,800 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Blue Owl Capital by 4.9% during the third quarter. Van ECK Associates Corp now owns 7,472,128 shares of the company’s stock worth $112,754,000 after purchasing an additional 347,155 shares in the last quarter. Trinity Financial Advisors LLC raised its position in shares of Blue Owl Capital by 32.3% during the 3rd quarter. Trinity Financial Advisors LLC now owns 883,274 shares of the company’s stock worth $12,471,000 after purchasing an additional 215,742 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Blue Owl Capital in the 2nd quarter valued at about $2,667,000. Finally, NewEdge Advisors LLC boosted its holdings in Blue Owl Capital by 151.4% in the 2nd quarter. NewEdge Advisors LLC now owns 271,820 shares of the company’s stock worth $4,175,000 after buying an additional 163,698 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $14.89 on Friday. Blue Owl Capital Co. has a fifty-two week low of $13.98 and a fifty-two week high of $16.91. The firm has a market capitalization of $5.81 billion, a P/E ratio of 9.25 and a beta of 0.84. The stock’s fifty day moving average is $15.12 and its two-hundred day moving average is $15.04. 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 company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 9.94%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.06. Blue Owl Capital’s dividend payout ratio is currently 91.93%.

Analyst Upgrades and Downgrades

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

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.