26,500 Shares in Blue Owl Capital Corporation (NYSE:OBDC) Bought by Black Swift Group LLC

Black Swift Group LLC acquired a new position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 26,500 shares of the company's stock, valued at approximately $388,000.

A number of other institutional investors have also bought and sold shares of OBDC. Anchor Investment Management LLC increased its stake in Blue Owl Capital by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after buying an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. bought a new position in Blue Owl Capital in the 4th quarter worth approximately $48,000. Lazard Asset Management LLC bought a new position in Blue Owl Capital in the 4th quarter valued at $49,000. Roxbury Financial LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter worth $50,000. Finally, Versant Capital Management Inc bought a new stake in shares of Blue Owl Capital during the 1st quarter worth $63,000. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Price Performance

NYSE:OBDC traded up $0.12 during mid-day trading on Wednesday, reaching $15.00. 61,362 shares of the stock were exchanged, compared to its average volume of 2,674,844. The business has a fifty day moving average price of $14.59 and a 200 day moving average price of $14.59. The firm has a market capitalization of $7.66 billion, a PE ratio of 9.67 and a beta of 0.72. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.87. The company has a current ratio of 1.13, a quick 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). 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 for the quarter, compared to analyst estimates of $457.88 million. Research analysts expect 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 declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued 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 is currently 95.48%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Victor Woolridge acquired 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 purchase, the director owned 28,191 shares of the company's stock, valued at approximately $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on OBDC shares. B. Riley assumed coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target on the stock. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They issued a "buy" rating and a $16.00 target price on the stock. Wells Fargo & Company lowered their price objective on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada restated an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Three 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price 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.

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