Generali Investments CEE investicni spolecnost a.s. Acquires New 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 Form 13F filing with the Securities & Exchange Commission. The firm acquired 128,925 shares of the company's stock, valued at approximately $1,890,000.

Other large investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund raised its position in shares of 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 buying an additional 11,098,695 shares during the last quarter. Cresset Asset Management LLC increased 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. Trustees of Dartmouth College purchased a new stake in Blue Owl Capital in the 1st quarter worth $48,774,000. Generali Asset Management SPA SGR bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $34,103,000. Finally, Raymond James Financial Inc. bought a new position in shares of Blue Owl Capital during the 4th quarter valued at about $28,434,000. 42.83% of the stock is currently owned by institutional investors.

Insider Activity at Blue Owl Capital

In other news, Director Victor Woolridge bought 6,915 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were 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 in the company, valued at $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 hyperlink. Insiders own 0.11% of the company's stock.

Blue Owl Capital Stock Up 0.1%

OBDC traded up $0.02 on Tuesday, hitting $14.44. 1,995,992 shares of the company were exchanged, compared to its average volume of 2,640,514. The firm has a 50-day moving average price of $14.43 and a two-hundred day moving average price of $14.62. 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 Corporation has a twelve month low of $12.11 and a twelve month high of $15.87. The company has a market cap of $7.38 billion, a price-to-earnings ratio of 9.32 and a beta of 0.72.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued 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 company had revenue of $464.65 million during 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 analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

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

Analysts Set New Price Targets

A number of research firms recently weighed in on OBDC. B. Riley began coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 target price for 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. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Royal Bank Of Canada reissued an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research report on Thursday, May 15th. 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 research report on Tuesday, April 8th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Buy" and an average price target of $15.64.

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.