Blue Owl Capital Corporation (NYSE:OBDC) Stock Holdings Lowered by Envestnet Asset Management Inc.

Key Points

• Envestnet Asset Management Inc. decreased its stake in Blue Owl Capital by 38.4%, holding 136,739 shares worth approximately $2,005,000 after selling 85,116 shares in the first quarter.
• Several institutional investors, including the Oregon Public Employees Retirement Fund and Cresset Asset Management LLC, made significant additions to their positions in Blue Owl Capital, with the former increasing its stake by 222.0%.
• Blue Owl Capital recently reported an EPS of $0.39 for the quarter, missing analysts' consensus estimates, and announced a $0.01 dividend, yielding 11.51%.

Envestnet Asset Management Inc. decreased its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 38.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 136,739 shares of the company's stock after selling 85,116 shares during the period. Envestnet Asset Management Inc.'s holdings in Blue Owl Capital were worth $2,005,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in shares of Blue Owl Capital by 222.0% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock worth $236,007,000 after purchasing an additional 11,098,695 shares during the last quarter. Royal Bank of Canada increased its position in shares of Blue Owl Capital by 9.2% in the 4th quarter. Royal Bank of Canada now owns 7,387,300 shares of the company's stock worth $111,696,000 after purchasing an additional 620,521 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Blue Owl Capital by 5.2% in the 4th quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock valued at $72,361,000 after buying an additional 236,467 shares during the period. Cresset Asset Management LLC boosted its holdings in shares of Blue Owl Capital by 8,188.9% in the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock valued at $68,762,000 after buying an additional 4,385,987 shares during the period. Finally, Trustees of Dartmouth College acquired a new position in shares of Blue Owl Capital in the 1st quarter valued at about $48,774,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded down $0.15 during midday trading on Thursday, reaching $14.27. 2,328,652 shares of the stock traded hands, compared to its average volume of 2,565,179. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.31. The firm has a fifty day moving average price of $14.60 and a two-hundred day moving average price of $14.58. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 9.20 and a beta of 0.72. Blue Owl Capital Corporation has a fifty-two week low of $12.11 and a fifty-two week high of $15.86.

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 firm had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. On average, equities research analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid a $0.01 dividend. This represents a dividend yield of 1,151.0%. The ex-dividend date of this dividend was Friday, May 30th. Blue Owl Capital's dividend payout ratio is currently 95.48%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Victor Woolridge purchased 6,915 shares of Blue Owl Capital stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $14.45 per share, with a total value of $99,921.75. Following the purchase, the director owned 28,191 shares in the company, valued at approximately $407,359.95. The trade was a 32.50% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Wells Fargo & Company decreased their price target on shares of 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. B. Riley assumed coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price target for the company. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 price target for the company. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $15.64.

Blue Owl Capital Company 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.