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

Sage Advisors LLC raised its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,142,133 shares of the company's stock after purchasing an additional 66,803 shares during the period. Blue Owl Capital makes up about 22.1% of Sage Advisors LLC's investment portfolio, making the stock its largest holding. Sage Advisors LLC owned 0.42% of Blue Owl Capital worth $31,404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Prairiewood Capital LLC raised its holdings in shares of Blue Owl Capital by 10.0% during the first quarter. Prairiewood Capital LLC now owns 279,762 shares of the company's stock valued at $4,101,000 after purchasing an additional 25,518 shares during the last quarter. Naviter Wealth LLC raised its stake in Blue Owl Capital by 10.4% during the 1st quarter. Naviter Wealth LLC now owns 348,356 shares of the company's stock valued at $5,239,000 after buying an additional 32,804 shares during the last quarter. Essex Financial Services Inc. lifted its holdings in shares of Blue Owl Capital by 3.3% during the 1st quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock valued at $459,000 after buying an additional 1,000 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Blue Owl Capital by 85.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company's stock worth $15,042,000 after buying an additional 474,100 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Blue Owl Capital in the first quarter worth $183,000. Institutional investors own 42.83% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on OBDC shares. Wells Fargo & Company lowered their target price 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 initiated coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. B. Riley initiated coverage on shares of Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target on the stock. Finally, Keefe, Bruyette & Woods reduced their price objective on 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 analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Buy" and an average price target of $15.64.

Insider Activity

In related news, Director Victor Woolridge bought 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 completion of the transaction, the director owned 28,191 shares in the company, valued at $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by insiders.

Blue Owl Capital Price Performance

Shares of OBDC traded up $0.10 during trading hours on Wednesday, reaching $14.49. 2,948,334 shares of the stock traded hands, compared to its average volume of 2,632,241. The company has a market cap of $7.41 billion, a P/E ratio of 9.35 and a beta of 0.72. 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's 50-day moving average price is $14.41 and its two-hundred day moving average price is $14.64. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week high of $15.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. On average, 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. Stockholders 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 was Friday, May 30th. Blue Owl Capital's payout ratio is currently 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.