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Financial Counselors Inc. Invests $282,000 in Blue Owl Capital Corporation (NYSE:OBDC)

Blue Owl Capital logo with Finance background

Financial Counselors Inc. bought a new position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,253 shares of the company's stock, valued at approximately $282,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OBDC. Oregon Public Employees Retirement Fund boosted its position in Blue Owl Capital by 222.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock valued at $236,007,000 after purchasing an additional 11,098,695 shares in the last quarter. Royal Bank of Canada boosted its position in Blue Owl Capital by 9.2% during the fourth quarter. Royal Bank of Canada now owns 7,387,300 shares of the company's stock valued at $111,696,000 after purchasing an additional 620,521 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Blue Owl Capital by 5.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock valued at $72,361,000 after purchasing an additional 236,467 shares in the last quarter. Cresset Asset Management LLC boosted its position in Blue Owl Capital by 8,188.9% during the fourth quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock valued at $68,762,000 after purchasing an additional 4,385,987 shares in the last quarter. Finally, Trustees of Dartmouth College bought a new stake in Blue Owl Capital during the first 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

OBDC stock traded up $0.15 during trading on Monday, hitting $14.80. 3,448,041 shares of the company traded hands, compared to its average volume of 3,331,134. The stock's 50-day simple moving average is $14.46 and its 200 day simple moving average is $14.60. 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 company has a market cap of $7.57 billion, a PE ratio of 9.55 and a beta of 0.72. Blue Owl Capital Corporation has a 1 year low of $12.11 and a 1 year high of $15.86.

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 the consensus estimate of $0.43 by ($0.04). The company had revenue of $464.65 million for the quarter, compared to analysts' expectations 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 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 business also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were given 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 dividend payout ratio is currently 95.48%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Victor Woolridge acquired 6,915 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were bought 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 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.11% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price objective on the stock. B. Riley assumed coverage on 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 reissued an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a report 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, Keefe, Bruyette & Woods lowered their price target on 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 investment 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 has a consensus rating of "Buy" and a consensus price target of $15.64.

Get Our Latest Stock Report on Blue Owl Capital

Blue Owl Capital Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OBDC)

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