BluePointe Capital Management LLC Grows Holdings in Blue Owl Capital Corporation (NYSE:OBDC)

BluePointe Capital Management LLC raised its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 20.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,469 shares of the company's stock after purchasing an additional 29,529 shares during the period. Blue Owl Capital comprises about 1.0% of BluePointe Capital Management LLC's investment portfolio, making the stock its 28th largest position. BluePointe Capital Management LLC's holdings in Blue Owl Capital were worth $2,622,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Equity Partners lifted its holdings in shares of Blue Owl Capital by 1.7% during the 1st quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock worth $670,000 after acquiring an additional 742 shares during the period. Flagship Harbor Advisors LLC lifted its holdings in shares of Blue Owl Capital by 6.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock worth $204,000 after acquiring an additional 798 shares during the period. Essex Financial Services Inc. lifted its holdings in shares of Blue Owl Capital by 3.3% during the 1st quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock worth $459,000 after acquiring an additional 1,000 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after acquiring an additional 1,083 shares during the period. Finally, Tranquility Partners LLC lifted its holdings in shares of Blue Owl Capital by 0.8% during the 1st quarter. Tranquility Partners LLC now owns 153,391 shares of the company's stock worth $2,249,000 after acquiring an additional 1,210 shares during the period. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Up 1.0%

Shares of NYSE:OBDC opened at $14.80 on Tuesday. 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 52-week low of $12.11 and a 52-week high of $15.87. The company has a 50 day moving average of $14.46 and a two-hundred day moving average of $14.60. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 9.55 and a beta of 0.72.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. The firm had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. As a group, analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given a $0.01 dividend. This represents a yield of 11.51%. The ex-dividend date was Friday, May 30th. Blue Owl Capital's dividend payout ratio (DPR) is 95.48%.

Insider Transactions at Blue Owl Capital

In related news, Director Victor Woolridge purchased 6,915 shares of the firm's stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average price of $14.45 per share, with a total value of $99,921.75. Following the completion of the transaction, the director owned 28,191 shares of the company's stock, valued at $407,359.95. This represents a 32.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.11% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OBDC shares. B. Riley started 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 cut 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. Jefferies Financial Group started 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. Royal Bank Of Canada reiterated an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 15th. Finally, Keefe, Bruyette & Woods cut 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 research 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 stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average 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.

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