Arkadios Wealth Advisors Acquires 101,019 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

Key Points

• Arkadios Wealth Advisors increased its stake in Blue Owl Capital Corporation by 201.3%, acquiring an additional 101,019 shares, bringing its total holdings to 151,214 shares valued at approximately $2.2 million.
• Blue Owl Capital recently reported earnings of $0.39 per share, missing estimates by $0.04, and had a revenue of $464.65 million for the quarter, surpassing expectations.
• The company cut its dividend to $0.01 per share, resulting in a dividend yield of 1,151.0%, with a payout ratio currently at 95.48%.

Arkadios Wealth Advisors lifted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 201.3% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 151,214 shares of the company's stock after buying an additional 101,019 shares during the period. Arkadios Wealth Advisors' holdings in Blue Owl Capital were worth $2,217,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. First National Trust Co raised its holdings in shares of Blue Owl Capital by 44.9% during the 1st quarter. First National Trust Co now owns 210,084 shares of the company's stock worth $3,080,000 after buying an additional 65,063 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Blue Owl Capital during the 1st quarter worth $73,000. Mackenzie Financial Corp bought a new stake in Blue Owl Capital during the 1st quarter worth $525,000. Melia Wealth LLC grew its position in Blue Owl Capital by 2.8% during the 1st quarter. Melia Wealth LLC now owns 1,001,704 shares of the company's stock worth $14,685,000 after acquiring an additional 27,540 shares during the last quarter. Finally, LPL Financial LLC grew its position in Blue Owl Capital by 6.3% during the 1st quarter. LPL Financial LLC now owns 2,075,846 shares of the company's stock worth $30,432,000 after acquiring an additional 122,163 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge purchased 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the acquisition, the director directly owned 28,191 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by corporate insiders.

Blue Owl Capital Price Performance

NYSE:OBDC traded up $0.12 during trading hours on Tuesday, hitting $14.21. 1,676,749 shares of the company's stock traded hands, compared to its average volume of 3,252,412. The firm has a market cap of $7.26 billion, a P/E ratio of 9.15 and a beta of 0.74. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.73. The business's fifty day simple moving average is $14.59 and its two-hundred day simple moving average is $14.56. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 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 company had revenue of $464.65 million during the quarter, compared to analysts' expectations of $457.88 million. On average, research 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 firm also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a dividend of $0.01 per share. This represents a yield of 1,151.0%. The ex-dividend date was Friday, May 30th. Blue Owl Capital's payout ratio is currently 95.48%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. B. Riley assumed coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective on the stock. Jefferies Financial Group assumed coverage on Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price objective on the stock. Keefe, Bruyette & Woods reduced 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 report on Tuesday, April 8th. 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, Wells Fargo & Company reduced 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. Three 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. According to data from MarketBeat, Blue Owl Capital has a consensus rating of "Buy" and a consensus price target 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.