Gilbert & Cook Inc. Purchases 238,487 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

Key Points

• Gilbert & Cook Inc. significantly increased its stake in Blue Owl Capital by 466%, acquiring a total of 289,663 shares, making it the firm's 16th largest investment.
• Analysts provide mixed reviews on Blue Owl Capital, with target prices ranging from $14.00 to $16.00 and a consensus rating of "Buy."
• Blue Owl Capital recently paid a $0.01 dividend, resulting in an 11.51% yield, despite a high dividend payout ratio of 95.48% for the company.

Gilbert & Cook Inc. lifted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 466.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 289,663 shares of the company's stock after acquiring an additional 238,487 shares during the period. Blue Owl Capital makes up about 0.6% of Gilbert & Cook Inc.'s investment portfolio, making the stock its 16th biggest position. Gilbert & Cook Inc. owned 0.06% of Blue Owl Capital worth $4,246,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Equity Partners increased its position in shares of Blue Owl Capital by 1.7% during the 1st quarter. Golden State Equity Partners now owns 45,680 shares of the company's stock worth $670,000 after purchasing an additional 742 shares in the last quarter. Flagship Harbor Advisors LLC increased its position in shares of Blue Owl Capital by 6.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company's stock worth $204,000 after purchasing an additional 798 shares in the last quarter. Essex Financial Services Inc. increased its position in shares of Blue Owl Capital by 3.3% during the 1st quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock worth $459,000 after purchasing an additional 1,000 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Blue Owl Capital by 9.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after purchasing an additional 1,083 shares in the last quarter. Finally, Tranquility Partners LLC increased its position in shares of Blue Owl Capital by 0.8% during the 1st quarter. Tranquility Partners LLC now owns 153,391 shares of the company's stock worth $2,249,000 after purchasing an additional 1,210 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Insider Activity at Blue Owl Capital

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

Blue Owl Capital Price Performance

OBDC traded down $0.19 during midday trading on Monday, hitting $14.67. The company had a trading volume of 774,675 shares, compared to its average volume of 3,280,215. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.86. The firm's 50-day simple moving average is $14.60 and its 200-day simple moving average is $14.59. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $7.49 billion, a PE ratio of 9.46 and a beta of 0.72.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing the consensus estimate 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 business had revenue of $464.65 million for the quarter, compared to analyst estimates of $457.88 million. Equities research analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on OBDC shares. B. Riley started coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price for the company. Wells Fargo & Company lowered their price objective on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Royal Bank Of Canada restated an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective for the company. Finally, Keefe, Bruyette & Woods lowered their price objective 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. 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. Based on data from MarketBeat.com, Blue Owl Capital presently has an average rating of "Buy" and a consensus price target of $15.64.

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.