D.A. Davidson & CO. Increases Stock Position in Blue Owl Capital Corporation (NYSE:OBDC)

D.A. Davidson & CO. lifted its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 396,191 shares of the company's stock after purchasing an additional 18,380 shares during the period. D.A. Davidson & CO. owned approximately 0.08% of Blue Owl Capital worth $5,808,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Anchor Investment Management LLC boosted 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 purchasing an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new position in shares of Blue Owl Capital during the 4th quarter worth $48,000. Lazard Asset Management LLC purchased a new stake in shares of Blue Owl Capital in the 4th quarter worth about $49,000. Roxbury Financial LLC purchased a new position in Blue Owl Capital during the 1st quarter valued at about $50,000. Finally, Versant Capital Management Inc acquired a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $63,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Insiders Place Their Bets

In related news, Director Victor Woolridge purchased 6,915 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the acquisition, the director owned 28,191 shares in the company, valued at approximately $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.11% of the company's stock.

Blue Owl Capital Trading Up 0.1%

Shares of NYSE OBDC traded up $0.02 during midday trading on Tuesday, hitting $14.44. The stock had a trading volume of 1,995,992 shares, compared to its average volume of 2,640,514. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.87. The company has a market capitalization of $7.38 billion, a price-to-earnings ratio of 9.32 and a beta of 0.72. The company has a fifty day moving average price of $14.43 and a 200 day moving average price of $14.62.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly 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 net margin of 39.42% and a return on equity of 11.72%. The business had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. On average, analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The firm 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. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 11.51%. Blue Owl Capital's payout ratio is 95.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OBDC shares. Jefferies Financial Group began coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 target price on the stock. Keefe, Bruyette & Woods cut their price objective 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. Royal Bank Of Canada reissued an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday, May 15th. Wells Fargo & Company lowered 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. Finally, B. Riley began coverage on shares of Blue Owl Capital in a research 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital presently has an average rating of "Buy" and an average price target of $15.64.

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.