Round Rock Advisors LLC Increases Holdings in Blue Owl Capital Corporation (NYSE:OBDC)

Round Rock Advisors LLC increased its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 195.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 134,586 shares of the company's stock after purchasing an additional 89,054 shares during the quarter. Round Rock Advisors LLC's holdings in Blue Owl Capital were worth $1,973,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Golden State Equity Partners grew its position in shares of Blue Owl Capital by 1.7% in the first quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock valued at $670,000 after purchasing an additional 742 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in shares of Blue Owl Capital by 6.1% in the first quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock valued at $204,000 after purchasing an additional 798 shares in the last quarter. Essex Financial Services Inc. grew its position in shares of Blue Owl Capital by 3.3% in the first quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock valued at $459,000 after purchasing an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Blue Owl Capital by 9.1% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Tranquility Partners LLC grew its position in shares of Blue Owl Capital by 0.8% in the first quarter. Tranquility Partners LLC now owns 153,391 shares of the company's stock valued at $2,249,000 after purchasing an additional 1,210 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

NYSE:OBDC traded up $0.04 during mid-day trading on Friday, reaching $14.66. The stock had a trading volume of 2,955,017 shares, compared to its average volume of 2,657,569. 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 firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 9.46 and a beta of 0.72. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.87. The business has a 50 day simple moving average of $14.46 and a 200 day simple moving average of $14.60.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (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 company had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. On average, 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 announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital's payout ratio is currently 95.48%.

Insider Buying and Selling

In other news, Director Victor Woolridge bought 6,915 shares of the stock in a transaction on 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 purchase, the director owned 28,191 shares of the company's stock, valued at approximately $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.11% of the company's stock.

Analyst Ratings Changes

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

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.