22,642 Shares in Blue Owl Capital Corporation $OBDC Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 22,642 shares of the company's stock, valued at approximately $325,000.

A number of other large investors also recently bought and sold shares of the business. Blair William & Co. IL raised its holdings in Blue Owl Capital by 14.4% in the 2nd quarter. Blair William & Co. IL now owns 51,674 shares of the company's stock worth $741,000 after purchasing an additional 6,500 shares during the period. Tectonic Advisors LLC raised its holdings in Blue Owl Capital by 14.5% in the 2nd quarter. Tectonic Advisors LLC now owns 767,005 shares of the company's stock worth $10,999,000 after purchasing an additional 96,892 shares during the period. WESPAC Advisors LLC raised its holdings in Blue Owl Capital by 1.3% in the 2nd quarter. WESPAC Advisors LLC now owns 113,657 shares of the company's stock worth $1,630,000 after purchasing an additional 1,498 shares during the period. Venturi Wealth Management LLC raised its holdings in Blue Owl Capital by 141.2% in the 2nd quarter. Venturi Wealth Management LLC now owns 24,600 shares of the company's stock worth $353,000 after purchasing an additional 14,400 shares during the period. Finally, Joel Isaacson & Co. LLC raised its holdings in Blue Owl Capital by 19.3% in the 2nd quarter. Joel Isaacson & Co. LLC now owns 19,789 shares of the company's stock worth $284,000 after purchasing an additional 3,200 shares during the period. Institutional investors and hedge funds own 42.83% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OBDC shares. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the stock an "outperform" rating in a research note on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $15.21.

Blue Owl Capital Price Performance

OBDC stock opened at $12.87 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. The business has a 50 day simple moving average of $13.68 and a 200-day simple moving average of $14.09. The firm has a market capitalization of $6.57 billion, a PE ratio of 8.52 and a beta of 0.75. Blue Owl Capital Corporation has a 1 year low of $12.04 and a 1 year high of $15.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The firm had revenue of $485.84 million for the quarter, compared to analysts' expectations of $480.42 million. Equities research analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.02 dividend. This is a boost from Blue Owl Capital's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Friday, August 29th. Blue Owl Capital's payout ratio is currently 98.01%.

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.

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