Keybank National Association OH Buys Shares of 122,183 Blue Owl Capital Corporation (NYSE:OBDC)

Keybank National Association OH acquired a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 122,183 shares of the company's stock, valued at approximately $1,791,000.

Several other large investors also recently bought and sold shares of the company. Cresset Asset Management LLC boosted its stake in shares of Blue Owl Capital by 8,188.9% during 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 last quarter. Generali Asset Management SPA SGR purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $34,103,000. Raymond James Financial Inc. purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $28,434,000. Boston Partners boosted its stake in shares of Blue Owl Capital by 76.6% during the 4th quarter. Boston Partners now owns 1,648,101 shares of the company's stock valued at $24,823,000 after buying an additional 714,940 shares during the last quarter. Finally, Enstar Group LTD purchased a new position in shares of Blue Owl Capital during the 4th quarter valued at approximately $10,139,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

OBDC traded up $0.02 during trading hours on Tuesday, hitting $14.44. 1,995,992 shares of the stock were exchanged, compared to its average volume of 2,640,514. The stock has a 50-day simple moving average of $14.43 and a 200-day simple moving average of $14.62. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.87. 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 current ratio of 1.13 and a quick ratio of 1.13.

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 (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.04). The firm had revenue of $464.65 million for the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. Analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

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

Wall Street Analysts Forecast Growth

OBDC has been the subject of several research analyst reports. B. Riley initiated coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price for the company. Royal Bank Of Canada reiterated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Jefferies Financial Group initiated coverage on Blue Owl Capital in a research note on Friday, April 11th. They set a "buy" rating and a $16.00 target price for the company. 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 research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods reduced their price objective 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. Three research 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 data from MarketBeat, Blue Owl Capital currently has a consensus rating of "Buy" and an average price target of $15.64.

Insider Transactions at Blue Owl Capital

In related news, Director Victor Woolridge bought 6,915 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were bought at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the purchase, the director owned 28,191 shares of the company's stock, valued at $407,359.95. This represents a 32.50% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.11% of the company's stock.

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.