Ariadne Wealth Management LP Has $1.55 Million Stock Position in 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 trimmed its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 25.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OBDC. HighTower Advisors LLC lifted its position in shares of Blue Owl Capital by 10.6% during the 1st quarter. HighTower Advisors LLC now owns 854,969 shares of the company's stock valued at $12,534,000 after acquiring an additional 81,794 shares during the last quarter. Capital Planning Advisors LLC purchased a new stake in shares of Blue Owl Capital during the first quarter worth $528,000. Barnett & Company Inc. raised its holdings in shares of Blue Owl Capital by 10.7% during the first quarter. Barnett & Company Inc. now owns 120,100 shares of the company's stock worth $1,761,000 after acquiring an additional 11,600 shares in the last quarter. Cooper Financial Group acquired a new position in Blue Owl Capital during the first quarter worth $151,000. Finally, Virtu Financial LLC acquired a new position in Blue Owl Capital during the first quarter worth $636,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded down $0.16 during trading on Friday, reaching $14.14. The stock had a trading volume of 3,039,557 shares, compared to its average volume of 2,566,091. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.73. The business's 50-day moving average price is $14.52 and its 200 day moving average price is $14.53. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. The stock has a market capitalization of $7.23 billion, a PE ratio of 9.36 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.01. The company had revenue of $485.84 million during the quarter, compared to analysts' expectations of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. As a group, equities analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.5%. Blue Owl Capital's dividend payout ratio (DPR) is currently 98.01%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge bought 6,915 shares of the 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 acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on OBDC. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. B. Riley assumed coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price target on the stock. Wells Fargo & Company lowered 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 report on Monday, April 28th. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Two research analysts have rated the stock with a hold rating, three have given a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of "Buy" and a consensus price target of $15.42.

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.