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

Financial Counselors Inc. bought a new stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,253 shares of the company's stock, valued at approximately $282,000.

Other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in Blue Owl Capital by 44.5% during the first quarter. Bank of New York Mellon Corp now owns 116,359 shares of the company's stock valued at $1,706,000 after purchasing an additional 35,820 shares during the period. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in Blue Owl Capital during the 1st quarter valued at $1,890,000. Brookstone Capital Management lifted its holdings in shares of Blue Owl Capital by 1.8% during the 1st quarter. Brookstone Capital Management now owns 101,582 shares of the company's stock valued at $1,489,000 after buying an additional 1,762 shares during the period. Global Wealth Management Investment Advisory Inc. purchased a new position in shares of Blue Owl Capital in the 1st quarter worth $1,025,000. Finally, Castle Wealth Management LLC purchased a new position in shares of Blue Owl Capital in the 1st quarter worth $284,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on OBDC shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. Keefe, Bruyette & Woods reduced 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 research report on Tuesday, April 8th. B. Riley started coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective on the stock. Jefferies Financial Group initiated 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. Finally, 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 on the stock in a research report on Monday, April 28th. Three equities research 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 stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $15.64.

Insider Buying and Selling

In other Blue Owl Capital news, Director Victor Woolridge acquired 6,915 shares of the stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the transaction, the director directly owned 28,191 shares of the company's stock, valued at approximately $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Blue Owl Capital Stock Performance

Blue Owl Capital stock traded up $0.04 during midday trading on Friday, hitting $14.66. The stock had a trading volume of 2,955,017 shares, compared to its average volume of 2,657,569. Blue Owl Capital Corporation has a 52-week low of $12.11 and a 52-week high of $15.87. The company has a market capitalization of $7.49 billion, a PE ratio of 9.46 and a beta of 0.72. The firm's fifty day moving average is $14.46 and its two-hundred day moving average is $14.60. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.31.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted 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). The firm had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. On average, research analysts forecast that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital's payout ratio is presently 95.48%.

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.