Blue Owl Capital Corporation (NYSE:OBDC) is Muzinich & Co. Inc.'s 2nd Largest Position

Muzinich & Co. Inc. lifted its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 87.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,058,218 shares of the company's stock after buying an additional 493,067 shares during the quarter. Blue Owl Capital comprises 8.8% of Muzinich & Co. Inc.'s portfolio, making the stock its 2nd biggest holding. Muzinich & Co. Inc. owned about 0.21% of Blue Owl Capital worth $15,513,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in OBDC. Bank of New York Mellon Corp increased its stake in shares of 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 during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Blue Owl Capital by 12.8% in the 4th quarter. Farther Finance Advisors LLC now owns 14,650 shares of the company's stock valued at $222,000 after buying an additional 1,663 shares during the last quarter. Avantax Advisory Services Inc. boosted its holdings in shares of 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 buying an additional 4,960 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of Blue Owl Capital by 18.6% in the 4th quarter. Corient Private Wealth LLC now owns 1,098,387 shares of the company's stock valued at $16,608,000 after buying an additional 172,275 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Blue Owl Capital by 20.5% in the 4th quarter. Advisors Asset Management Inc. now owns 403,513 shares of the company's stock valued at $6,101,000 after buying an additional 68,738 shares during the last quarter. 42.83% of the stock is owned by institutional investors.

Insider Transactions at Blue Owl Capital

In related news, Director Victor Woolridge purchased 6,915 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price 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 $407,359.95. This represents a 32.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company's stock.

Blue Owl Capital Trading Down 0.1%

Shares of OBDC traded down $0.01 during mid-day trading on Friday, reaching $15.09. 1,896,919 shares of the company were exchanged, compared to its average volume of 2,677,852. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week 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 stock has a market capitalization of $7.71 billion, a PE ratio of 9.74 and a beta of 0.72. The business has a 50 day simple moving average of $14.57 and a two-hundred day simple moving average of $14.59.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its 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). 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 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 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 of this dividend was Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital's dividend payout ratio (DPR) is currently 95.48%.

Wall Street Analysts Forecast Growth

OBDC has been the topic of several recent research reports. Jefferies Financial Group initiated coverage on Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price objective on the stock. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Royal Bank Of Canada reiterated an "outperform" rating and set 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 objective on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Finally, B. Riley assumed coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price on the stock. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, Blue Owl Capital presently 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.