Family Wealth Partners LLC Purchases New Holdings in Blue Owl Capital Corporation (NYSE:OBDC)

Family Wealth Partners LLC acquired a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 19,425 shares of the company's stock, valued at approximately $285,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tcfg Wealth Management LLC increased its holdings in Blue Owl Capital by 28.2% in the first quarter. Tcfg Wealth Management LLC now owns 21,155 shares of the company's stock worth $310,000 after buying an additional 4,657 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Blue Owl Capital by 13.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 52,977 shares of the company's stock worth $777,000 after acquiring an additional 6,350 shares in the last quarter. Salem Investment Counselors Inc. increased its stake in shares of Blue Owl Capital by 13.1% during the 1st quarter. Salem Investment Counselors Inc. now owns 373,320 shares of the company's stock worth $5,478,000 after purchasing an additional 43,345 shares during the last quarter. Trinity Financial Advisors LLC raised its holdings in shares of Blue Owl Capital by 14.9% during the 1st quarter. Trinity Financial Advisors LLC now owns 1,086,128 shares of the company's stock valued at $16,323,000 after purchasing an additional 140,839 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its holdings in shares of Blue Owl Capital by 38.7% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 62,242 shares of the company's stock valued at $912,000 after purchasing an additional 17,378 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 OBDC stock traded up $0.10 during trading hours on Wednesday, reaching $14.57. 1,991,878 shares of the company's stock were exchanged, compared to its average volume of 2,620,794. The stock has a market capitalization of $7.44 billion, a P/E ratio of 9.40 and a beta of 0.73. Blue Owl Capital Corporation has a fifty-two week low of $12.11 and a fifty-two week high of $15.98. The business has a fifty day moving average price of $14.22 and a 200-day moving average price of $14.71. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The firm had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. Analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 11.51%. Blue Owl Capital's payout ratio is presently 95.48%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge purchased 6,915 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the transaction, the director now directly owns 28,191 shares in the company, valued at approximately $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

OBDC has been the topic of several recent research reports. Keefe, Bruyette & Woods cut their target price on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. B. Riley started coverage on Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 target price for the company. Jefferies Financial Group began coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price target on the stock. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 15th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $15.64.

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.