D.A. Davidson & CO. Purchases 18,380 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

D.A. Davidson & CO. raised its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 4.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 396,191 shares of the company's stock after acquiring an additional 18,380 shares during the quarter. D.A. Davidson & CO. owned approximately 0.08% of Blue Owl Capital worth $5,808,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in OBDC. Anchor Investment Management LLC increased its position in 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 acquiring an additional 1,500 shares during the period. Brown Brothers Harriman & Co. acquired a new stake in shares of Blue Owl Capital during the 4th quarter valued at $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 bought a new position in Blue Owl Capital during the 1st quarter worth $50,000. Finally, Versant Capital Management Inc acquired a new position in shares of Blue Owl Capital in the first quarter worth approximately $63,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Insiders Place Their Bets

In other news, Director Victor Woolridge purchased 6,915 shares of Blue Owl Capital stock in a transaction dated Tuesday, May 27th. The stock was acquired at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the acquisition, the director directly owned 28,191 shares in the company, valued at $407,359.95. This represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

OBDC has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 price objective 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 set a "buy" rating and a $15.00 target price for the company. Finally, Jefferies Financial Group started coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $15.64.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded down $0.20 on Monday, hitting $14.44. The company's stock had a trading volume of 2,352,668 shares, compared to its average volume of 3,342,433. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week high of $15.86. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31. The firm has a fifty day moving average price of $14.42 and a 200-day moving average price of $14.63. The company has a market capitalization of $7.38 billion, a P/E ratio of 9.31 and a beta of 0.72.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its earnings results 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). 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 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 announced a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a dividend of $0.01 per share. This represents a yield of 11.51%. The ex-dividend date was Friday, May 30th. Blue Owl Capital's payout ratio is currently 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.