Arkadios Wealth Advisors Purchases 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 boosted its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 201.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 151,214 shares of the company's stock after purchasing 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 SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Anchor Investment Management LLC lifted 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 worth $45,000 after purchasing an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at $48,000. Lazard Asset Management LLC purchased a new stake in shares of Blue Owl Capital during the 4th quarter valued at $49,000. Roxbury Financial LLC purchased a new stake in shares of Blue Owl Capital during the 1st quarter valued at $50,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Blue Owl Capital during the 1st quarter valued at $63,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Down 1.0%

Shares of Blue Owl Capital stock opened at $14.27 on Friday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $7.29 billion, a PE ratio of 9.20 and a beta of 0.72. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week high of $15.86. The company has a 50-day simple moving average of $14.60 and a two-hundred day simple moving average of $14.58.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued 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). Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. The firm had revenue of $464.65 million during the quarter, compared to analysts' expectations of $457.88 million. On average, analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently disclosed 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. This represents a dividend yield of 1,151.0%. The ex-dividend date of this dividend was Friday, May 30th. Blue Owl Capital's payout ratio is presently 95.48%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. 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. Keefe, Bruyette & Woods decreased their target price 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. B. Riley began coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 target price on the stock. Wells Fargo & Company decreased their target price 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. Finally, Jefferies Financial Group initiated coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $15.64.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Victor Woolridge acquired 6,915 shares of the firm'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. This trade represents a 32.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by insiders.

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.

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