Channel Wealth LLC Has $673,000 Stock Position in Blue Owl Capital Co. (NYSE:OBDC)

Channel Wealth LLC increased its position in shares of Blue Owl Capital Co. (NYSE:OBDC) by 1.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,500 shares of the company’s stock after acquiring an additional 823 shares during the quarter. Channel Wealth LLC’s holdings in Blue Owl Capital were worth $673,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. National Bank of Canada FI grew its holdings in Blue Owl Capital by 144.7% during the 3rd quarter. National Bank of Canada FI now owns 4,160 shares of the company’s stock worth $61,000 after acquiring an additional 2,460 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Blue Owl Capital by 604.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,172 shares of the company’s stock worth $65,000 after purchasing an additional 3,580 shares during the last quarter. nVerses Capital LLC grew its stake in shares of Blue Owl Capital by 19.8% during the third quarter. nVerses Capital LLC now owns 9,700 shares of the company’s stock worth $141,000 after purchasing an additional 1,600 shares during the period. Quad Cities Investment Group LLC bought a new stake in Blue Owl Capital in the third quarter valued at about $148,000. Finally, SPC Financial Inc. acquired a new position in Blue Owl Capital in the third quarter valued at about $149,000. Institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $14.89 on Friday. The company has a market capitalization of $5.81 billion, a P/E ratio of 9.25 and a beta of 0.84. Blue Owl Capital Co. has a 52 week low of $13.98 and a 52 week 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. The company’s 50 day moving average price is $15.12 and its two-hundred day moving average price is $15.04.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.37 dividend. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.06. This represents a $1.48 annualized dividend and a yield of 9.94%. The ex-dividend date of this dividend was Tuesday, December 31st. Blue Owl Capital’s payout ratio is currently 91.93%.

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.