Blue Owl Capital Corporation (NYSE:OBDC) Shares Purchased by Round Rock Advisors LLC

Round Rock Advisors LLC grew its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 195.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,586 shares of the company's stock after purchasing an additional 89,054 shares during the period. Round Rock Advisors LLC's holdings in Blue Owl Capital were worth $1,973,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Anchor Investment Management LLC increased its stake in Blue Owl Capital by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after purchasing an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in Blue Owl Capital in the fourth quarter valued at approximately $48,000. Lazard Asset Management LLC purchased a new position in Blue Owl Capital in the fourth quarter valued at approximately $49,000. Roxbury Financial LLC purchased a new position in Blue Owl Capital in the first quarter valued at approximately $50,000. Finally, Versant Capital Management Inc purchased a new position in Blue Owl Capital in the first quarter valued at approximately $63,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OBDC has been the subject of several research analyst reports. Wells Fargo & Company decreased their price objective on 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. Keefe, Bruyette & Woods decreased their price objective on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. B. Riley started coverage on Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective for the company. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. Finally, Jefferies Financial Group started coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. 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. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $15.64.

Insider Buying and Selling

In related news, Director Victor Woolridge acquired 6,915 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the transaction, the director owned 28,191 shares in the company, valued at $407,359.95. This trade represents a 32.50% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.11% of the company's stock.

Blue Owl Capital Price Performance

Shares of OBDC stock traded up $0.07 during mid-day trading on Friday, reaching $14.69. The stock had a trading volume of 1,755,194 shares, compared to its average volume of 2,649,805. Blue Owl Capital Corporation has a 12-month low of $12.11 and a 12-month high of $15.87. The company has a market cap of $7.50 billion, a P/E ratio of 9.47 and a beta of 0.72. The business has a 50-day simple moving average of $14.45 and a 200 day simple moving average of $14.62. 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 (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share 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 firm had revenue of $464.65 million during the quarter, compared to analysts' expectations of $457.88 million. On average, sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The business also recently disclosed 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 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%.

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.