First National Trust Co Has $3.08 Million Stock Holdings in Blue Owl Capital Corporation (NYSE:OBDC)

Key Points

• First National Trust Co increased its stake in Blue Owl Capital Corporation by 44.9%, owning 210,084 shares valued at $3,080,000 following the purchase of an additional 65,063 shares in the first quarter.
• Blue Owl Capital's recent quarter earnings fell short of analysts' expectations, reporting $0.39 EPS against the consensus estimate of $0.43, despite generating revenue of $464.65 million.
• The company recently announced a dividend of $0.01 per share with a high yield of 11.51%, although its payout ratio stands at a significant 95.48%.

First National Trust Co boosted its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 44.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 210,084 shares of the company's stock after buying an additional 65,063 shares during the period. First National Trust Co's holdings in Blue Owl Capital were worth $3,080,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OBDC. Oregon Public Employees Retirement Fund lifted its holdings in 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 valued at $236,007,000 after acquiring an additional 11,098,695 shares during the last quarter. Royal Bank of Canada lifted its holdings in 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 valued at $111,696,000 after acquiring an additional 620,521 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in 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 acquiring an additional 236,467 shares during the last quarter. Cresset Asset Management LLC lifted its holdings in 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 acquiring an additional 4,385,987 shares during the last quarter. Finally, Brown University lifted its holdings in Blue Owl Capital by 17.9% in the 1st quarter. Brown University now owns 4,348,863 shares of the company's stock valued at $63,754,000 after acquiring an additional 660,136 shares during the last quarter. Institutional investors own 42.83% of the company's stock.

Insider Buying and Selling

In other news, Director Victor Woolridge acquired 6,915 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were purchased at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the acquisition, the director owned 28,191 shares of the company's stock, valued at approximately $407,359.95. This represents a 32.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on OBDC shares. 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 target for the company. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They issued a "buy" rating and a $16.00 target price for the company. Keefe, Bruyette & Woods dropped their target price on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their target price 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. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $15.64.

Blue Owl Capital Trading Down 1.3%

Shares of Blue Owl Capital stock traded down $0.19 during trading on Friday, hitting $14.09. The stock had a trading volume of 3,044,300 shares, compared to its average volume of 2,609,898. The stock has a 50 day simple moving average of $14.59 and a 200 day simple moving average of $14.57. 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 company has a market capitalization of $7.20 billion, a PE ratio of 9.09 and a beta of 0.74. Blue Owl Capital Corporation has a 1 year low of $12.11 and a 1 year high of $15.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. The firm had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. On average, research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 2nd were issued a $0.01 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 1,151.0%. Blue Owl Capital's dividend 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.