Border to Coast Pensions Partnership Ltd Increases Stock Holdings in Blue Owl Capital Corporation (NYSE:OBDC)

Border to Coast Pensions Partnership Ltd lifted its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 4.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,250,000 shares of the company's stock after purchasing an additional 50,000 shares during the quarter. Border to Coast Pensions Partnership Ltd owned about 0.24% of Blue Owl Capital worth $18,325,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Truist Financial Corp raised its position in Blue Owl Capital by 8.1% during the 4th quarter. Truist Financial Corp now owns 71,999 shares of the company's stock worth $1,089,000 after buying an additional 5,381 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Blue Owl Capital by 104.6% during the fourth quarter. Bank of New York Mellon Corp now owns 80,539 shares of the company's stock worth $1,218,000 after purchasing an additional 41,172 shares in the last quarter. NewEdge Wealth LLC lifted its position in Blue Owl Capital by 23.8% in the fourth quarter. NewEdge Wealth LLC now owns 107,306 shares of the company's stock valued at $1,622,000 after purchasing an additional 20,612 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Blue Owl Capital by 1.8% in the 4th quarter. Oppenheimer & Co. Inc. now owns 400,286 shares of the company's stock valued at $6,052,000 after purchasing an additional 6,889 shares in the last quarter. Finally, Verus Capital Partners LLC increased its position in Blue Owl Capital by 113.7% during the 4th quarter. Verus Capital Partners LLC now owns 93,336 shares of the company's stock worth $1,411,000 after purchasing an additional 49,664 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on OBDC shares. Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. B. Riley began coverage on Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 target price for the company. Keefe, Bruyette & Woods cut their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group initiated 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. Finally, Wells Fargo & Company dropped 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. Three investment 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. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $15.64.

Insider Buying and Selling

In other Blue Owl Capital news, Director Victor Woolridge bought 6,915 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the transaction, the director now owns 28,191 shares of the company's stock, valued at $407,359.95. This represents a 32.50% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is owned by company insiders.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $14.66 on Friday. 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 fifty-two week low of $12.11 and a fifty-two week high of $15.87. The business has a fifty day moving average of $14.35 and a 200-day moving average of $14.67. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 9.45 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share 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 predict 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. Investors of record on Monday, June 2nd were paid a dividend of $0.01 per share. This represents a dividend yield of 11.51%. The ex-dividend date of this dividend was Friday, May 30th. Blue Owl Capital's payout ratio is 95.48%.

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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