Steward Partners Investment Advisory LLC Purchases 24,745 Shares of Blue Owl Capital Corporation $OBDC

Key Points

• Steward Partners Investment Advisory LLC increased its stake in Blue Owl Capital by 9.0%, owning 300,748 shares valued at approximately $4.4 million as of its latest SEC filing.
• Several institutional investors, including Oregon Public Employees Retirement Fund and Cresset Asset Management LLC, significantly boosted their stakes, with Oregon's investment growing by 222.0% in the first quarter.
• Blue Owl Capital declared a quarterly dividend of $0.37 per share, yielding approximately 10.4%, with the payout ratio currently at 98.01%.

Steward Partners Investment Advisory LLC raised its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 9.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 300,748 shares of the company's stock after acquiring an additional 24,745 shares during the period. Steward Partners Investment Advisory LLC owned approximately 0.06% of Blue Owl Capital worth $4,409,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in OBDC. Oregon Public Employees Retirement Fund lifted its stake in shares of Blue Owl Capital by 222.0% in 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 lifted its stake in shares of Blue Owl Capital by 8,188.9% in the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock worth $68,762,000 after purchasing an additional 4,385,987 shares during the period. Trustees of Dartmouth College purchased a new stake in Blue Owl Capital in the 1st quarter worth approximately $48,774,000. HB Wealth Management LLC increased its holdings in Blue Owl Capital by 311.3% in the 1st quarter. HB Wealth Management LLC now owns 1,131,920 shares of the company's stock worth $16,594,000 after acquiring an additional 856,735 shares in the last quarter. Finally, Certuity LLC increased its holdings in Blue Owl Capital by 1,255.2% in the 1st quarter. Certuity LLC now owns 813,768 shares of the company's stock worth $11,930,000 after acquiring an additional 753,721 shares in the last quarter. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Trading Down 1.1%

Shares of NYSE:OBDC traded down $0.16 on Monday, hitting $14.10. 2,399,006 shares of the company's stock were exchanged, compared to its average volume of 2,604,358. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.73. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 9.34 and a beta of 0.74. The business's 50 day simple moving average is $14.46 and its two-hundred day simple moving average is $14.48. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The business had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. Analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be issued a $0.02 dividend. The ex-dividend date is Friday, August 29th. This is an increase from Blue Owl Capital's previous dividend of $0.01. This represents a dividend yield of 1,139.0%. Blue Owl Capital's dividend payout ratio is presently 98.01%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on OBDC. Wells Fargo & Company reduced their target price on shares of 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. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. B. Riley initiated 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 for the company. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 15th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $15.42.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Victor Woolridge acquired 6,915 shares of the firm's stock in a transaction that occurred on 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 directly 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is owned by insiders.

Blue Owl Capital 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.