Black Swift Group LLC Invests $388,000 in Blue Owl Capital Corporation (NYSE:OBDC)

Black Swift Group LLC bought a new position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,500 shares of the company's stock, valued at approximately $388,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Golden State Equity Partners increased its position in Blue Owl Capital by 1.7% during the 1st quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock valued at $670,000 after buying an additional 742 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in Blue Owl Capital by 6.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock valued at $204,000 after buying an additional 798 shares in the last quarter. Essex Financial Services Inc. increased its position in Blue Owl Capital by 3.3% during the 1st quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock valued at $459,000 after buying an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after buying an additional 1,083 shares in the last quarter. Finally, Tranquility Partners LLC increased its position in Blue Owl Capital by 0.8% during the 1st quarter. Tranquility Partners LLC now owns 153,391 shares of the company's stock valued at $2,249,000 after buying an additional 1,210 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded down $0.05 during trading on Friday, reaching $14.84. The company had a trading volume of 2,347,310 shares, compared to its average volume of 2,681,844. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.31. The firm's 50-day simple moving average is $14.60 and its 200 day simple moving average is $14.59. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 9.57 and a beta of 0.72. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.86.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. Sell-side analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given a dividend of $0.01 per share. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 11.51%. Blue Owl Capital's dividend payout ratio (DPR) is presently 95.48%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Wells Fargo & Company reduced their price objective 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. B. Riley began coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Jefferies Financial Group began coverage on Blue Owl Capital in a research note on Friday, April 11th. They set a "buy" rating and a $16.00 target price on the stock. Finally, 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 research note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Blue Owl Capital presently has an average rating of "Buy" and a consensus price target of $15.64.

Insider Activity

In other news, Director Victor Woolridge purchased 6,915 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the acquisition, the director owned 28,191 shares of the company's stock, valued at approximately $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by company 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.