Round Rock Advisors LLC Has $1.97 Million Holdings in Blue Owl Capital Corporation (NYSE:OBDC)

Round Rock Advisors LLC raised its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 195.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 134,586 shares of the company's stock after acquiring 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 quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Equity Partners increased its position in Blue Owl Capital by 1.7% during the first quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock worth $670,000 after acquiring an additional 742 shares during the period. Flagship Harbor Advisors LLC increased its position in Blue Owl Capital by 6.1% during the first quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock worth $204,000 after acquiring an additional 798 shares during the period. Essex Financial Services Inc. increased its position in Blue Owl Capital by 3.3% during the first quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock worth $459,000 after acquiring an additional 1,000 shares during the period. Tower Research Capital LLC TRC increased its position in Blue Owl Capital by 9.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after acquiring an additional 1,083 shares during the period. Finally, Tranquility Partners LLC increased its position in Blue Owl Capital by 0.8% during the first quarter. Tranquility Partners LLC now owns 153,391 shares of the company's stock worth $2,249,000 after acquiring an additional 1,210 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC traded up $0.25 on Thursday, hitting $14.65. The stock had a trading volume of 4,009,270 shares, compared to its average volume of 2,653,001. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.87. 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's 50 day moving average price is $14.45 and its 200-day moving average price is $14.62. The company has a market capitalization of $7.48 billion, a price-to-earnings ratio of 9.45 and a beta of 0.72.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The company had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. On average, equities research analysts predict 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 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. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital's dividend payout ratio (DPR) is 95.48%.

Insider Transactions at Blue Owl Capital

In related news, Director Victor Woolridge purchased 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the transaction, the director directly owned 28,191 shares in the company, valued at approximately $407,359.95. This represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on OBDC. 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 target price on the stock. Keefe, Bruyette & Woods lowered their price target on shares of 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. Wells Fargo & Company lowered 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. 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 analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price 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.