Atria Wealth Solutions Inc. Has $774,000 Stock Holdings in Blue Owl Capital Corporation $OBDC

Key Points

• Atria Wealth Solutions Inc. reduced its holdings in Blue Owl Capital Corporation by 30.2% during the second quarter, owning 52,651 shares valued at $774,000 after selling 22,813 shares.
• Blue Owl Capital recently upgraded its quarterly dividend to $0.02 per share, reflecting an annual yield of 0.6% and a payout ratio of 98.01%.
• Analysts currently have a consensus rating of "Buy" for Blue Owl Capital, with a target price set at $15.21.

Atria Wealth Solutions Inc. lessened its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 30.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,651 shares of the company's stock after selling 22,813 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Blue Owl Capital were worth $774,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Blue Owl Capital by 17.6% during the second quarter. Allspring Global Investments Holdings LLC now owns 14,700 shares of the company's stock valued at $211,000 after acquiring an additional 2,200 shares during the period. Tranquility Partners LLC lifted its stake in shares of Blue Owl Capital by 1.0% during the second quarter. Tranquility Partners LLC now owns 154,855 shares of the company's stock valued at $2,221,000 after acquiring an additional 1,464 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of Blue Owl Capital by 15.3% during the second quarter. Concurrent Investment Advisors LLC now owns 231,992 shares of the company's stock valued at $3,327,000 after acquiring an additional 30,785 shares during the period. GFS Advisors LLC lifted its stake in shares of Blue Owl Capital by 16.3% during the second quarter. GFS Advisors LLC now owns 98,785 shares of the company's stock valued at $1,417,000 after acquiring an additional 13,850 shares during the period. Finally, Apollon Wealth Management LLC lifted its stake in shares of Blue Owl Capital by 1.4% during the second quarter. Apollon Wealth Management LLC now owns 131,422 shares of the company's stock valued at $1,885,000 after acquiring an additional 1,839 shares during the period. Institutional investors and hedge funds own 42.83% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on OBDC. Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the company an "outperform" rating in a research note on Tuesday, October 7th. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $15.21.

Blue Owl Capital Trading Up 0.9%

NYSE:OBDC opened at $12.65 on Friday. Blue Owl Capital Corporation has a 1-year low of $12.04 and a 1-year high of $15.73. The business's 50-day moving average price is $13.62 and its two-hundred day moving average price is $14.05. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 8.38 and a beta of 0.75.

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

Blue Owl Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.02 per share. This is an increase from Blue Owl Capital's previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital's payout ratio is 98.01%.

About Blue Owl Capital

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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