Gries Financial LLC Acquires 74,787 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

Gries Financial LLC grew its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 636.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,546 shares of the company's stock after purchasing an additional 74,787 shares during the period. Gries Financial LLC's holdings in Blue Owl Capital were worth $1,269,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in Blue Owl Capital by 104.6% in the 4th quarter. Bank of New York Mellon Corp now owns 80,539 shares of the company's stock valued at $1,218,000 after acquiring an additional 41,172 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Blue Owl Capital by 15.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 36,396 shares of the company's stock valued at $550,000 after acquiring an additional 4,960 shares in the last quarter. Millstone Evans Group LLC acquired a new position in Blue Owl Capital in the 4th quarter valued at approximately $76,000. Fox Run Management L.L.C. raised its holdings in shares of Blue Owl Capital by 195.1% in the 4th quarter. Fox Run Management L.L.C. now owns 58,717 shares of the company's stock worth $888,000 after buying an additional 38,822 shares in the last quarter. Finally, Samalin Investment Counsel LLC raised its holdings in shares of Blue Owl Capital by 3.9% in the 4th quarter. Samalin Investment Counsel LLC now owns 76,516 shares of the company's stock worth $1,157,000 after buying an additional 2,904 shares in the last quarter. Institutional investors own 42.83% of the company's stock.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge acquired 6,915 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average cost of $14.45 per share, with a total value of $99,921.75. Following the transaction, the director owned 28,191 shares of the company's stock, valued at $407,359.95. The trade was a 32.50% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded down $0.29 during trading on Monday, hitting $14.81. 4,101,703 shares of the stock were exchanged, compared to its average volume of 2,683,556. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 9.55 and a beta of 0.72. The company has a fifty day moving average price of $14.57 and a 200-day moving average price of $14.59. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year 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.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted 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). The company 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%. As a group, equities analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a dividend of $0.01 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital's dividend payout ratio is presently 95.48%.

Wall Street Analyst Weigh In

OBDC has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price 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. 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 target for the company. Royal Bank Of Canada restated an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. 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 for the company in a report on Tuesday, April 8th. Finally, B. Riley started coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $15.00 target price for the company. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus 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.