Steward Partners Investment Advisory LLC Has $4.41 Million Stake in 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 lifted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 9.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 300,748 shares of the company's stock after buying 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Golden State Equity Partners raised its holdings in Blue Owl Capital by 1.7% during the first quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock worth $670,000 after purchasing an additional 742 shares in the last quarter. BlueStem Wealth Partners LLC raised its holdings in Blue Owl Capital by 2.5% during the first quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company's stock worth $480,000 after purchasing an additional 784 shares in the last quarter. Flagship Harbor Advisors LLC raised its holdings in Blue Owl Capital by 6.1% during the first quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock worth $204,000 after purchasing an additional 798 shares in the last quarter. Avantax Advisory Services Inc. raised its holdings in Blue Owl Capital by 2.7% during the first quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company's stock worth $548,000 after purchasing an additional 996 shares in the last quarter. Finally, Essex Financial Services Inc. raised its holdings in Blue Owl Capital by 3.3% during the first quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock worth $459,000 after purchasing an additional 1,000 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Up 1.3%

Shares of OBDC stock traded up $0.1850 during trading on Friday, hitting $14.2550. 2,592,178 shares of the company were exchanged, compared to its average volume of 2,592,049. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 9.44 and a beta of 0.74. The business's 50-day simple moving average is $14.47 and its 200 day simple moving average is $14.50. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.73.

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

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 10.4%. Blue Owl Capital's dividend payout ratio is 98.01%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on OBDC. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. Wells Fargo & Company dropped their price target 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. Finally, B. Riley initiated coverage on Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price target on the stock. 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 company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $15.42.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Victor Woolridge purchased 6,915 shares of the company's stock in a transaction dated 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 completion of the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.11% of the company's stock.

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.