69,946 Shares in Blue Owl Capital Corporation (NYSE:OBDC) Acquired by Global Wealth Management Investment Advisory Inc.

Global Wealth Management Investment Advisory Inc. purchased a new position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 69,946 shares of the company's stock, valued at approximately $1,025,000.

A number of other hedge funds have also bought and sold shares of OBDC. Oregon Public Employees Retirement Fund increased 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 buying an additional 11,098,695 shares during the period. Royal Bank of Canada increased 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 buying an additional 620,521 shares during the period. Ameriprise Financial Inc. increased 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 buying an additional 236,467 shares during the period. 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 buying an additional 4,385,987 shares during the period. Finally, Trustees of Dartmouth College bought a new position in Blue Owl Capital in the 1st quarter valued at about $48,774,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock traded down $0.19 during midday trading on Monday, hitting $14.44. 3,179,272 shares of the company traded hands, compared to its average volume of 2,639,595. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 9.32 and a beta of 0.72. 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 firm's fifty day moving average price is $14.42 and its 200-day moving average price is $14.62. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month 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 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. As a group, sell-side analysts forecast 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. Investors of record on Monday, June 2nd were given a dividend of $0.01 per share. The ex-dividend date was Friday, May 30th. This represents a yield of 11.51%. Blue Owl Capital's dividend payout ratio is presently 95.48%.

Insider Buying and Selling

In other Blue Owl Capital news, Director Victor Woolridge bought 6,915 shares of the business's stock in a transaction that occurred on 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 transaction, the director directly owned 28,191 shares in the company, valued at approximately $407,359.95. This represents a 32.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.11% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

OBDC has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased 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 report on Tuesday, April 8th. Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. 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 target price on the stock. Wells Fargo & Company decreased 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 report on Monday, April 28th. Finally, Jefferies Financial Group began coverage on shares of Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Buy" and an average target price 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.