Capital Planning Advisors LLC Purchases Shares of 36,029 Blue Owl Capital Corporation (NYSE:OBDC)

Key Points

• Capital Planning Advisors LLC has purchased a new stake of 36,029 shares in Blue Owl Capital Corporation, valued at approximately $528,000.
• Several other institutional investors, including Sumitomo Mitsui Trust Group Inc. and Round Rock Advisors LLC, have also increased their holdings, indicating strong institutional interest in Blue Owl.
• Blue Owl Capital will pay a $0.37 quarterly dividend on October 15, representing an annualized yield of 10.4%.

Capital Planning Advisors LLC bought a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 36,029 shares of the company's stock, valued at approximately $528,000.

A number of other large investors also recently bought and sold shares of the stock. Anchor Investment Management LLC lifted its position 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 in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth about $49,000. Roxbury Financial LLC acquired a new stake in shares of Blue Owl Capital during the first quarter worth about $50,000. Zions Bancorporation National Association UT acquired a new stake in shares of Blue Owl Capital during the first quarter worth about $59,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Blue Owl Capital during the first quarter worth about $63,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Wall Street Analysts Forecast Growth

OBDC has been the topic of a number of recent research reports. Royal Bank Of Canada restated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Wells Fargo & Company cut their target price on shares of 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. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a "strong-buy" rating in a research note on Friday. Finally, B. Riley initiated coverage on shares of Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and four have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $15.42.

Blue Owl Capital Stock Up 1.3%

OBDC stock traded up $0.19 during midday trading on Tuesday, reaching $14.28. 2,629,213 shares of the company were exchanged, compared to its average volume of 2,607,129. 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 company has a market cap of $7.30 billion, a price-to-earnings ratio of 9.46 and a beta of 0.74. The stock's 50-day simple moving average is $14.54 and its 200 day simple moving average is $14.54. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.73.

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

Blue Owl Capital Dividend Announcement

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

Insider Buying and Selling at Blue Owl Capital

In related news, Director Victor Woolridge purchased 6,915 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $14.45 per share, with a total value of $99,921.75. Following the completion of the acquisition, the director directly owned 28,191 shares in the company, valued at $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is currently owned by corporate insiders.

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.