Generali Investments CEE investicni spolecnost a.s. Takes Position in Blue Owl Capital Corporation (NYSE:OBDC)

Generali Investments CEE investicni spolecnost a.s. acquired 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 SEC. The fund acquired 128,925 shares of the company's stock, valued at approximately $1,890,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brookstone Capital Management grew its position 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 last quarter. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of Blue Owl Capital in the 1st quarter worth $1,025,000. Castle Wealth Management LLC purchased a new stake in Blue Owl Capital during the first quarter valued at about $284,000. D.A. Davidson & CO. grew its position in Blue Owl Capital by 4.9% during the 1st quarter. D.A. Davidson & CO. now owns 396,191 shares of the company's stock worth $5,808,000 after purchasing an additional 18,380 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Blue Owl Capital by 222.0% during 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 in the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Keefe, Bruyette & Woods cut their price objective on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research note on Tuesday, April 8th. 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. Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price objective for the company. Wells Fargo & Company decreased their price target on 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, B. Riley initiated 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. Three equities 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $15.64.

Insider Buying and Selling

In related news, Director Victor Woolridge bought 6,915 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was bought 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Blue Owl Capital Stock Up 0.3%

Shares of OBDC stock traded up $0.05 on Friday, reaching $14.54. 1,443,324 shares of the company were exchanged, compared to its average volume of 2,637,427. The company has a market cap of $7.43 billion, a price-to-earnings ratio of 9.38 and a beta of 0.72. The company has a 50-day moving average of $14.42 and a 200-day moving average of $14.64. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.13 and a quick ratio of 1.13. Blue Owl Capital Corporation has a one year low of $12.11 and a one year high of $15.87.

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 the consensus estimate 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%. Analysts anticipate 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 announced 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 was Friday, May 30th. This represents a yield of 11.51%. 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.