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

Robertson Stephens Wealth Management LLC bought a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,830 shares of the company's stock, valued at approximately $388,000.

Other institutional investors also recently made changes to their positions in the company. Cresset Asset Management LLC increased its stake in Blue Owl Capital by 8,188.9% in the 4th 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. Generali Asset Management SPA SGR purchased a new position in shares of Blue Owl Capital in the fourth quarter valued at $34,103,000. Raymond James Financial Inc. purchased a new position in shares of Blue Owl Capital in the fourth quarter valued at $28,434,000. Boston Partners raised its stake in shares of Blue Owl Capital by 76.6% during the 4th quarter. Boston Partners now owns 1,648,101 shares of the company's stock worth $24,823,000 after buying an additional 714,940 shares during the last quarter. Finally, Enstar Group LTD purchased a new stake in shares of Blue Owl Capital in the 4th quarter worth about $10,139,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Blue Owl Capital Price Performance

OBDC stock opened at $14.57 on Friday. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 9.40 and a beta of 0.73. 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 52-week low of $12.11 and a 52-week high of $15.98. The stock's fifty day simple moving average is $14.27 and its 200-day simple moving average is $14.70.

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

Blue Owl Capital Cuts Dividend

The business also recently announced 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 yield of 11.51%. Blue Owl Capital's payout ratio is 95.48%.

Insiders Place Their Bets

In other news, Director Victor Woolridge bought 6,915 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of $14.45 per share, with a total value of $99,921.75. Following the transaction, the director now owns 28,191 shares of the company's stock, valued at $407,359.95. This represents a 32.50% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is currently owned by insiders.

Blue Owl Capital Company 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.

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