Janney Montgomery Scott LLC Buys 124,429 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

Janney Montgomery Scott LLC boosted its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 7.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,887,598 shares of the company's stock after purchasing an additional 124,429 shares during the period. Janney Montgomery Scott LLC owned approximately 0.37% of Blue Owl Capital worth $27,672,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of OBDC. Anchor Investment Management LLC boosted its holdings in shares of 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 during the period. Brown Brothers Harriman & Co. acquired a new position in shares of Blue Owl Capital during the 4th quarter worth about $48,000. Lazard Asset Management LLC acquired a new position in shares of Blue Owl Capital during the fourth quarter worth approximately $49,000. Roxbury Financial LLC bought a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $50,000. Finally, Versant Capital Management Inc bought a new position in Blue Owl Capital during the first quarter worth $63,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC traded up $0.10 during mid-day trading on Thursday, reaching $14.57. 1,993,267 shares of the company were exchanged, compared to its average volume of 2,624,142. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.98. The company's 50-day simple moving average is $14.27 and its 200-day simple moving average is $14.70. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $7.44 billion, a P/E ratio of 9.40 and a beta of 0.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. As a group, research analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were paid 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 payout ratio is 95.48%.

Insider Activity

In related news, Director Victor Woolridge acquired 6,915 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were bought at an average price of $14.45 per share, with a total value of $99,921.75. Following the transaction, the director now directly owns 28,191 shares of the company's stock, valued at $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.11% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on OBDC shares. Wells Fargo & Company cut their price target 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. Keefe, Bruyette & Woods dropped their price target on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group began coverage on Blue Owl Capital in a report on Friday, April 11th. They set a "buy" rating and a $16.00 target price on the stock. 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 price target for the company. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. 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, Blue Owl Capital currently has a consensus 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.