Blue Owl Capital Corporation (NYSE:OBDC) Stock Holdings Boosted by Brown University

Brown University raised its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 17.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,348,863 shares of the company's stock after purchasing an additional 660,136 shares during the period. Blue Owl Capital accounts for approximately 29.5% of Brown University's investment portfolio, making the stock its biggest position. Brown University owned approximately 0.85% of Blue Owl Capital worth $63,754,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of OBDC. Bank of New York Mellon Corp raised its position in Blue Owl Capital by 104.6% during the 4th 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 during the last quarter. Wealthfront Advisers LLC bought a new position in Blue Owl Capital during the 4th quarter worth $331,000. HighTower Advisors LLC raised its position in Blue Owl Capital by 20.1% during the 4th quarter. HighTower Advisors LLC now owns 773,175 shares of the company's stock worth $11,690,000 after purchasing an additional 129,509 shares during the last quarter. Farther Finance Advisors LLC raised its position in Blue Owl Capital by 12.8% during the 4th quarter. Farther Finance Advisors LLC now owns 14,650 shares of the company's stock worth $222,000 after purchasing an additional 1,663 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its holdings in Blue Owl Capital by 15.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 36,396 shares of the company's stock worth $550,000 after acquiring an additional 4,960 shares during the period. 42.83% of the stock is owned by institutional investors.

Insider Buying and Selling at Blue Owl Capital

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wells Fargo & Company decreased their price target on 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. Jefferies Financial Group assumed coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. Keefe, Bruyette & Woods decreased their price target on 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. 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 price target for the company. 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. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $15.64.

Blue Owl Capital Stock Down 0.1%

Shares of OBDC traded down $0.02 during trading hours on Friday, reaching $15.09. 1,185,181 shares of the stock traded hands, compared to its average volume of 3,313,309. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.31. The stock has a fifty day simple moving average of $14.55 and a 200 day simple moving average of $14.60. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.86. The company has a market cap of $7.71 billion, a price-to-earnings ratio of 9.73 and a beta of 0.72.

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 analysts' consensus estimates of $0.43 by ($0.04). Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. The business had revenue of $464.65 million during the quarter, compared to analysts' expectations of $457.88 million. On average, equities analysts forecast that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a $0.01 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 11.51%. Blue Owl Capital's payout ratio is presently 95.48%.

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.