Blue Owl Capital Corporation (NYSE:OBDC) is Transcend Capital Advisors LLC's 3rd Largest Position

Transcend Capital Advisors LLC lifted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 6.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,610,059 shares of the company's stock after purchasing an additional 166,402 shares during the period. Blue Owl Capital comprises approximately 2.7% of Transcend Capital Advisors LLC's holdings, making the stock its 3rd biggest holding. Transcend Capital Advisors LLC owned 0.51% of Blue Owl Capital worth $38,263,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of OBDC. Cresset Asset Management LLC boosted its position in Blue Owl Capital by 8,188.9% during the fourth quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock worth $68,762,000 after acquiring an additional 4,385,987 shares during the last quarter. Generali Asset Management SPA SGR acquired a new stake in Blue Owl Capital during the fourth quarter worth approximately $34,103,000. Raymond James Financial Inc. acquired a new stake in Blue Owl Capital during the fourth quarter worth approximately $28,434,000. Boston Partners boosted its position in Blue Owl Capital by 76.6% during the fourth quarter. Boston Partners now owns 1,648,101 shares of the company's stock worth $24,823,000 after acquiring an additional 714,940 shares during the last quarter. Finally, Enstar Group LTD acquired a new stake in Blue Owl Capital during the fourth quarter worth approximately $10,139,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Victor Woolridge purchased 6,915 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $14.45 per share, with a total value of $99,921.75. Following the purchase, the director now directly owns 28,191 shares of the company's stock, valued at approximately $407,359.95. This represents a 32.50% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. B. Riley assumed coverage on shares of 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. 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. Royal Bank Of Canada reiterated an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. Wells Fargo & Company decreased their price target on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Finally, Jefferies Financial Group began coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 price target on the stock. Three investment 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's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $15.64.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $14.66 on Friday. The company's fifty day simple moving average is $14.35 and its 200-day simple moving average is $14.67. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.87. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.31. The company has a market cap of $7.49 billion, a PE ratio of 9.45 and a beta of 0.73.

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

Blue Owl Capital Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a $0.01 dividend. This represents a dividend yield of 11.51%. The ex-dividend date of this dividend was Friday, May 30th. Blue Owl Capital's dividend payout ratio is presently 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.

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