Blue Owl Capital Corporation (NYSE:OBDC) Shares Sold by Denali Advisors LLC

Denali Advisors LLC reduced its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 645,659 shares of the company's stock after selling 17,445 shares during the period. Blue Owl Capital comprises approximately 1.1% of Denali Advisors LLC's portfolio, making the stock its 14th largest position. Denali Advisors LLC owned approximately 0.13% of Blue Owl Capital worth $9,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund grew its holdings in shares of Blue Owl Capital by 222.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock worth $236,007,000 after purchasing an additional 11,098,695 shares during the period. Cresset Asset Management LLC raised its stake in Blue Owl Capital by 8,188.9% during the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock valued at $68,762,000 after acquiring an additional 4,385,987 shares in the last quarter. Trustees of Dartmouth College bought a new stake in Blue Owl Capital during the first quarter worth approximately $48,774,000. Raymond James Financial Inc. bought a new stake in Blue Owl Capital during the fourth quarter worth approximately $28,434,000. Finally, Boston Partners raised its stake in Blue Owl Capital by 76.6% during the 4th quarter. Boston Partners now owns 1,648,101 shares of the company's stock valued at $24,823,000 after purchasing an additional 714,940 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 OBDC stock traded down $0.01 on Friday, reaching $15.09. The company's stock had a trading volume of 1,896,919 shares, compared to its average volume of 2,677,852. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31. 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 capitalization of $7.71 billion, a P/E ratio of 9.74 and a beta of 0.72. The stock's 50 day simple moving average is $14.57 and its 200-day simple moving average is $14.59.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $464.65 million for the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. As a group, equities analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were issued 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 dividend payout ratio (DPR) is presently 95.48%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Victor Woolridge bought 6,915 shares of the stock in a transaction dated Tuesday, May 27th. The stock was purchased at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the acquisition, the director owned 28,191 shares of the company's stock, valued at approximately $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.11% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Royal Bank Of Canada reiterated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price objective on the stock. B. Riley began coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective on the stock. Wells Fargo & Company decreased their price objective 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. Finally, Keefe, Bruyette & Woods decreased their price objective 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. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital 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.