Canton Hathaway LLC Buys 18,070 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

Canton Hathaway LLC grew its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 324.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,640 shares of the company's stock after purchasing an additional 18,070 shares during the period. Canton Hathaway LLC's holdings in Blue Owl Capital were worth $347,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Anchor Investment Management LLC grew its holdings in shares of Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock worth $45,000 after purchasing an additional 1,500 shares during the last quarter. Brown Brothers Harriman & Co. acquired a new stake in Blue Owl Capital during the 4th quarter worth approximately $48,000. Lazard Asset Management LLC bought a new stake in Blue Owl Capital during the 4th quarter worth approximately $49,000. Roxbury Financial LLC acquired a new position in Blue Owl Capital in the 1st quarter valued at approximately $50,000. Finally, Versant Capital Management Inc bought a new position in shares of Blue Owl Capital during the first quarter valued at $63,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 0.6%

Shares of Blue Owl Capital stock traded up $0.08 during trading on Tuesday, reaching $14.37. 2,028,402 shares of the company traded hands, compared to its average volume of 2,614,189. The firm has a market capitalization of $7.34 billion, a PE ratio of 9.27 and a beta of 0.73. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.90. The company has a 50 day moving average price of $14.31 and a 200-day moving average price of $14.68. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.13 and a quick ratio of 1.13.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) 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 company had revenue of $464.65 million for the quarter, compared to the consensus estimate of $457.88 million. As a group, equities research analysts expect 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 paid a $0.01 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital's dividend payout ratio (DPR) is presently 95.48%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on OBDC. Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 15th. Keefe, Bruyette & Woods reduced their price target on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Jefferies Financial Group began coverage on Blue Owl Capital in a research note on Friday, April 11th. They issued a "buy" rating and a $16.00 price target for the company. Wells Fargo & Company cut their price objective on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Finally, B. Riley assumed coverage on Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 target price on the stock. Three analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of "Buy" and a consensus target price of $15.64.

Insider Activity

In other Blue Owl Capital news, Director Victor Woolridge bought 6,915 shares of the stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the acquisition, the director now directly owns 28,191 shares of the company's stock, valued at approximately $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 the SEC website. Corporate insiders own 0.11% of the company's stock.

About Blue Owl Capital

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.