Cetera Investment Advisers Buys 81,353 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

Key Points

• Cetera Investment Advisers boosted its stake in Blue Owl Capital Corporation by 62.9%, acquiring an additional 81,353 shares, bringing its total to 210,703 shares worth approximately $3.09 million.
• Blue Owl Capital reported an EPS of $0.39 for the quarter, falling short of analyst estimates of $0.43, while its revenue was $464.65 million, exceeding expectations of $457.88 million.
• The company announced a dividend of $0.01, reflecting a significant yield of 1,151.0%, though its payout ratio stands at 95.48%.

Cetera Investment Advisers increased its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 62.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,703 shares of the company's stock after purchasing an additional 81,353 shares during the period. Cetera Investment Advisers' holdings in Blue Owl Capital were worth $3,089,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Anchor Investment Management LLC raised its position in Blue Owl Capital by 100.0% in the 4th 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. Lazard Asset Management LLC bought a new position in Blue Owl Capital in the 4th quarter worth approximately $49,000. Roxbury Financial LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter valued at $50,000. Versant Capital Management Inc bought a new stake in shares of Blue Owl Capital during the 1st quarter valued at $63,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter valued at $98,000. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $14.21 on Wednesday. Blue Owl Capital Corporation has a fifty-two week low of $12.11 and a fifty-two week high of $15.73. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $7.26 billion, a P/E ratio of 9.17 and a beta of 0.74. The company's 50 day moving average price is $14.58 and its two-hundred day moving average price is $14.56.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The business had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. On average, equities 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 announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.01 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 1,151.0%. Blue Owl Capital's payout ratio is presently 95.48%.

Wall Street Analysts Forecast Growth

Several analysts have commented on OBDC shares. Jefferies Financial Group started coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 target price for the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Keefe, Bruyette & Woods dropped their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research report on Tuesday, April 8th. 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 research report on Monday, April 28th. Finally, B. Riley started coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price for the company. Three analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Buy" and a consensus target price of $15.64.

Insider Transactions at Blue Owl Capital

In other news, Director Victor Woolridge bought 6,915 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were acquired at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the acquisition, the director directly owned 28,191 shares in the company, valued at approximately $407,359.95. This represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.11% of the stock is currently owned by 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.

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