Blue Owl Capital Corporation (NYSE:OBDC) Holdings Boosted by Chicago Partners Investment Group LLC

Key Points

• Chicago Partners Investment Group LLC increased its stake in Blue Owl Capital Corporation by 4.4%, owning approximately $7.83 million worth of shares as of the latest SEC filing.
• Blue Owl Capital's recent earnings report showed an EPS of $0.39, missing estimates by $0.04, while revenue of $464.65 million exceeded analyst expectations.
• The company recently cut its dividend to $0.01 per share, resulting in a yield of 1,151.0%, with a dividend payout ratio of 95.48%.

Chicago Partners Investment Group LLC grew its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 570,924 shares of the company's stock after purchasing an additional 23,966 shares during the quarter. Chicago Partners Investment Group LLC owned approximately 0.11% of Blue Owl Capital worth $7,827,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its position in shares of Blue Owl Capital by 222.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock worth $236,007,000 after buying an additional 11,098,695 shares during the period. Royal Bank of Canada raised its stake in Blue Owl Capital by 9.2% during the 4th quarter. Royal Bank of Canada now owns 7,387,300 shares of the company's stock valued at $111,696,000 after acquiring an additional 620,521 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Blue Owl Capital by 5.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock worth $72,361,000 after acquiring an additional 236,467 shares during the period. Cresset Asset Management LLC grew its stake in shares of Blue Owl Capital by 8,188.9% in the fourth quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock worth $68,762,000 after purchasing an additional 4,385,987 shares in the last quarter. Finally, Brown University increased its holdings in shares of Blue Owl Capital by 17.9% during the first quarter. Brown University now owns 4,348,863 shares of the company's stock valued at $63,754,000 after purchasing an additional 660,136 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $14.15 on Thursday. The company has a 50-day moving average of $14.57 and a 200-day moving average of $14.56. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 9.13 and a beta of 0.74. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.31. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.43 by ($0.04). The business had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. Analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share 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 paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 1,151.0%. Blue Owl Capital's dividend payout ratio (DPR) is currently 95.48%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. B. Riley began coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday, May 15th. Finally, Jefferies Financial Group initiated coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They set a "buy" rating and a $16.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $15.64.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Victor Woolridge bought 6,915 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $14.45 per share, with a total value of $99,921.75. Following the completion of the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.11% of the stock is currently owned by corporate insiders.

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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