Blue Owl Capital Corporation (NYSE:OBDC) is Oregon Public Employees Retirement Fund's 3rd Largest Position

Oregon Public Employees Retirement Fund grew its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 222.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,098,695 shares of the company's stock after acquiring an additional 11,098,695 shares during the period. Blue Owl Capital accounts for approximately 4.6% of Oregon Public Employees Retirement Fund's investment portfolio, making the stock its 3rd biggest holding. Oregon Public Employees Retirement Fund owned approximately 3.15% of Blue Owl Capital worth $236,007,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Anchor Investment Management LLC increased its stake in shares of Blue Owl Capital by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after acquiring an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in Blue Owl Capital in the fourth quarter valued at $48,000. Roxbury Financial LLC bought a new stake in Blue Owl Capital in the first quarter valued at $50,000. Lazard Asset Management LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter valued at about $49,000. Finally, Versant Capital Management Inc bought a new position in shares of Blue Owl Capital during the 1st quarter worth about $63,000. 42.83% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Victor Woolridge acquired 6,915 shares of Blue Owl Capital stock in a transaction on Tuesday, May 27th. The stock was acquired at an average cost of $14.45 per share, with a total value of $99,921.75. Following the transaction, the director owned 28,191 shares of the company's stock, valued at approximately $407,359.95. This trade represents a 32.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on OBDC. Jefferies Financial Group began coverage on Blue Owl Capital in a research note on Friday, April 11th. They issued a "buy" rating and a $16.00 target price for the company. Wells Fargo & Company reduced their price objective on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. B. Riley started coverage on Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price on the stock. Royal Bank Of Canada reiterated an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $15.64.

Blue Owl Capital Stock Up 0.3%

Shares of OBDC stock traded up $0.05 during trading hours on Thursday, reaching $14.54. The company had a trading volume of 1,443,324 shares, compared to its average volume of 2,633,029. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 8.01 and a beta of 0.72. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.13 and a quick ratio of 1.13. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.87. The business has a fifty day simple moving average of $14.41 and a 200-day simple moving average of $14.64.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The company had revenue of $464.65 million during the quarter, compared to analysts' expectations of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. On average, research analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given a dividend of $0.01 per share. This represents a dividend yield of 11.51%. The ex-dividend date of this dividend was Friday, May 30th. Blue Owl Capital's payout ratio is currently 95.48%.

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.