25,830 Shares in Blue Owl Capital Corporation (NYSE:OBDC) Acquired by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC bought a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 25,830 shares of the company's stock, valued at approximately $388,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada raised its stake in shares of Blue Owl Capital by 9.2% during the 4th quarter. Royal Bank of Canada now owns 7,387,300 shares of the company's stock worth $111,696,000 after buying an additional 620,521 shares during the period. Ameriprise Financial Inc. raised its position in Blue Owl Capital by 5.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock worth $72,361,000 after acquiring an additional 236,467 shares during the period. Cresset Asset Management LLC lifted its holdings in Blue Owl Capital by 8,188.9% during the fourth quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock valued at $68,762,000 after purchasing an additional 4,385,987 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of Blue Owl Capital by 4.3% in the first quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company's stock valued at $46,227,000 after purchasing an additional 129,038 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in Blue Owl Capital by 7.7% during the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock worth $36,843,000 after buying an additional 174,759 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Trading Down 1.2%

Shares of OBDC traded down $0.18 during trading on Monday, reaching $14.29. 2,712,324 shares of the company traded hands, compared to its average volume of 2,616,532. The stock has a 50-day simple moving average of $14.31 and a 200-day simple moving average of $14.68. 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 Corporation has a twelve month low of $12.11 and a twelve month high of $15.90. The stock has a market cap of $7.30 billion, a PE ratio of 9.22 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. The company had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. On average, analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, Director Victor Woolridge bought 6,915 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the acquisition, the director now owns 28,191 shares in the company, valued at approximately $407,359.95. This trade represents a 32.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is owned by corporate insiders.

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.