Ariadne Wealth Management LP Sells 38,956 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

Key Points

• Ariadne Wealth Management LP has reduced its stake in Blue Owl Capital Corporation by 25.9%, selling 38,956 shares and retaining 111,582 shares valued at $1.55 million as of the latest SEC disclosure.
• Blue Owl Capital recently announced a quarterly dividend of $0.37 per share, reflecting a significant annualized dividend yield of 10.5% and a high dividend payout ratio of 98.01%.
• The stock has a current market cap of $7.20 billion and analysts have set an average price target of $15.42, with a consensus rating of "Buy" based on several recent research reports.

Ariadne Wealth Management LP reduced its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 25.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,582 shares of the company's stock after selling 38,956 shares during the quarter. Ariadne Wealth Management LP's holdings in Blue Owl Capital were worth $1,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in OBDC. Wells Fargo & Company MN raised its holdings in Blue Owl Capital by 17.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,065,947 shares of the company's stock worth $16,117,000 after purchasing an additional 159,946 shares during the last quarter. Invesco Ltd. grew its position in shares of Blue Owl Capital by 11.3% during the 4th quarter. Invesco Ltd. now owns 246,208 shares of the company's stock worth $3,723,000 after buying an additional 25,080 shares during the period. Legal & General Group Plc grew its position in shares of Blue Owl Capital by 7.9% during the 4th quarter. Legal & General Group Plc now owns 373,584 shares of the company's stock worth $5,650,000 after buying an additional 27,208 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Blue Owl Capital during the 4th quarter worth about $28,434,000. Finally, Rockefeller Capital Management L.P. grew its position in shares of Blue Owl Capital by 9.7% during the 4th quarter. Rockefeller Capital Management L.P. now owns 575,230 shares of the company's stock worth $8,697,000 after buying an additional 51,075 shares during the period. 42.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Victor Woolridge purchased 6,915 shares of Blue Owl Capital stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $14.45 per share, with a total value of $99,921.75. Following the transaction, the director directly owned 28,191 shares in the company, valued at $407,359.95. The trade was a 32.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by company insiders.

Blue Owl Capital Stock Down 0.5%

Shares of OBDC traded down $0.08 on Thursday, hitting $14.31. The company's stock had a trading volume of 2,642,772 shares, compared to its average volume of 3,230,646. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. The firm's fifty day moving average price is $14.54 and its 200-day moving average price is $14.54. Blue Owl Capital Corporation has a fifty-two week low of $12.11 and a fifty-two week high of $15.73. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 9.47 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. The business had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. On average, equities research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 10.3%. Blue Owl Capital's dividend payout ratio is 98.01%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OBDC. Royal Bank Of Canada restated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. B. Riley began coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price for the company. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. Finally, Wells Fargo & Company decreased 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. Two research analysts have rated the stock with a hold rating, three have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $15.42.

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.