Janney Montgomery Scott LLC Grows Position in Blue Owl Capital Corporation (NYSE:OBDC)

Janney Montgomery Scott LLC raised its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 7.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,887,598 shares of the company's stock after buying an additional 124,429 shares during the quarter. Janney Montgomery Scott LLC owned 0.37% of Blue Owl Capital worth $27,672,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Atria Wealth Solutions Inc. increased its position in shares of Blue Owl Capital by 1.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 65,873 shares of the company's stock valued at $1,014,000 after acquiring an additional 685 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Blue Owl Capital by 9.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock worth $197,000 after buying an additional 1,083 shares during the last quarter. Csenge Advisory Group increased its stake in shares of Blue Owl Capital by 2.6% during the 4th quarter. Csenge Advisory Group now owns 55,064 shares of the company's stock worth $833,000 after purchasing an additional 1,373 shares during the last quarter. Baird Financial Group Inc. increased its holdings in Blue Owl Capital by 10.8% in the 4th quarter. Baird Financial Group Inc. now owns 14,555 shares of the company's stock worth $220,000 after acquiring an additional 1,422 shares during the last quarter. Finally, Anchor Investment Management LLC grew its stake in Blue Owl Capital by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company's stock.

Insider Activity

In other Blue Owl Capital news, Director Victor Woolridge purchased 6,915 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was bought at an average cost of $14.45 per share, with a total value of $99,921.75. Following the transaction, the director now directly owns 28,191 shares in the company, valued at approximately $407,359.95. The trade was a 32.50% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

OBDC has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Royal Bank Of Canada restated an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 15th. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Keefe, Bruyette & Woods reduced their target price 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. Finally, B. Riley assumed coverage on 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. Three research analysts have rated the stock with a hold rating, four have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $15.64.

Blue Owl Capital Trading Down 0.9%

OBDC stock traded down $0.13 during trading on Friday, hitting $14.46. 2,729,402 shares of the company traded hands, compared to its average volume of 2,616,147. The firm has a market capitalization of $7.39 billion, a PE ratio of 9.33 and a beta of 0.73. Blue Owl Capital Corporation has a 1 year low of $12.11 and a 1 year high of $15.90. The company has a 50-day moving average of $14.29 and a 200-day moving average of $14.69. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.13 and a current ratio of 1.13.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.04). Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. The firm had revenue of $464.65 million for the quarter, compared to analysts' expectations of $457.88 million. Analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

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.