Graypoint LLC Has $5.79 Million Holdings in Blue Owl Capital Corporation (NYSE:OBDC)

Graypoint LLC increased its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 395,049 shares of the company's stock after buying an additional 25,912 shares during the quarter. Graypoint LLC owned approximately 0.08% of Blue Owl Capital worth $5,791,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its holdings in shares of Blue Owl Capital by 9.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after buying an additional 1,083 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Blue Owl Capital by 85.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company's stock valued at $15,042,000 after acquiring an additional 474,100 shares during the period. JPMorgan Chase & Co. raised its stake in Blue Owl Capital by 7.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after acquiring an additional 174,759 shares during the period. Sound Income Strategies LLC raised its stake in Blue Owl Capital by 4.3% in the 1st quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company's stock valued at $46,227,000 after acquiring an additional 129,038 shares during the period. Finally, Financial Gravity Asset Management Inc. bought a new stake in Blue Owl Capital in the 1st quarter valued at $887,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

OBDC stock traded down $0.01 during trading hours on Friday, hitting $15.09. 1,896,919 shares of the stock were exchanged, compared to its average volume of 2,668,316. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.31. The firm has a market capitalization of $7.71 billion, a P/E ratio of 9.74 and a beta of 0.72. The company has a 50-day simple moving average of $14.55 and a two-hundred day simple moving average of $14.60. 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 issued its quarterly earnings results 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 company had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. On average, analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

Insider Activity at Blue Owl Capital

In related news, Director Victor Woolridge purchased 6,915 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The shares were bought at an average price 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. This trade represents a 32.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods dropped their price target 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 restated an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday, May 15th. B. Riley assumed coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price target on the stock. Wells Fargo & Company dropped 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 note on Monday, April 28th. Finally, Jefferies Financial Group began coverage on Blue Owl Capital in a research note on Friday, April 11th. They issued 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 given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus 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.