26,664 Shares in Blue Owl Capital Corporation (NYSE:OBDC) Bought by Diversify Wealth Management LLC

Diversify Wealth Management LLC acquired 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 13F filing with the Securities and Exchange Commission. The fund acquired 26,664 shares of the company's stock, valued at approximately $378,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Equity Partners lifted its holdings 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 worth $670,000 after buying an additional 742 shares during the period. Flagship Harbor Advisors LLC lifted its holdings 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 worth $204,000 after buying an additional 798 shares during the period. Essex Financial Services Inc. lifted its holdings 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 worth $459,000 after buying an additional 1,000 shares during the period. Tower Research Capital LLC TRC lifted its holdings 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 worth $197,000 after buying an additional 1,083 shares during the period. Finally, Tranquility Partners LLC lifted its holdings in Blue Owl Capital by 0.8% during the 1st quarter. Tranquility Partners LLC now owns 153,391 shares of the company's stock worth $2,249,000 after buying an additional 1,210 shares during the period. Institutional investors own 42.83% of the company's stock.

Wall Street Analyst Weigh In

OBDC has been the topic of several recent research reports. B. Riley initiated coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. Jefferies Financial Group assumed coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods dropped their price objective 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. Finally, Wells Fargo & Company dropped their price target 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. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $15.64.

Insiders Place Their Bets

In related news, Director Victor Woolridge purchased 6,915 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of $14.45 per share, with a total value of $99,921.75. Following the completion of the acquisition, the director directly 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 purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.11% of the company's stock.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $14.66 on Monday. The company has a market cap of $7.49 billion, a PE ratio of 9.46 and a beta of 0.72. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31. The business has a 50 day moving average price of $14.46 and a 200-day moving average price of $14.60. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released 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). The business had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. Equities analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

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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