Keybank National Association OH Makes New $1.79 Million Investment in Blue Owl Capital Corporation (NYSE:OBDC)

Keybank National Association OH purchased a new position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 122,183 shares of the company's stock, valued at approximately $1,791,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Summit Trail Advisors LLC acquired a new position in shares of Blue Owl Capital during the first quarter worth about $217,000. Sage Advisors LLC lifted its stake in Blue Owl Capital by 3.2% in the first quarter. Sage Advisors LLC now owns 2,142,133 shares of the company's stock valued at $31,404,000 after acquiring an additional 66,803 shares during the last quarter. Prairiewood Capital LLC lifted its stake in Blue Owl Capital by 10.0% in the 1st quarter. Prairiewood Capital LLC now owns 279,762 shares of the company's stock valued at $4,101,000 after purchasing an additional 25,518 shares during the last quarter. Naviter Wealth LLC boosted its stake in shares of Blue Owl Capital by 10.4% during the 1st quarter. Naviter Wealth LLC now owns 348,356 shares of the company's stock worth $5,239,000 after acquiring an additional 32,804 shares during the period. Finally, Essex Financial Services Inc. boosted its position in Blue Owl Capital by 3.3% during the first quarter. Essex Financial Services Inc. now owns 31,300 shares of the company's stock worth $459,000 after purchasing an additional 1,000 shares during the period. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Up 0.3%

Shares of OBDC stock traded up $0.05 on Friday, hitting $14.54. The stock had a trading volume of 1,443,324 shares, compared to its average volume of 2,633,029. 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 $7.43 billion, a price-to-earnings ratio of 9.38 and a beta of 0.72. The business has a 50 day moving average of $14.42 and a 200 day moving average of $14.64. 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 posted 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 return on equity of 11.72% and a net margin of 39.42%. The business had revenue of $464.65 million during the quarter, compared to analysts' expectations of $457.88 million. As a group, analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.01 per share. This represents a yield of 11.51%. The ex-dividend date was Friday, May 30th. Blue Owl Capital's dividend payout ratio (DPR) is 95.48%.

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge bought 6,915 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was purchased 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 directly owned 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 acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

OBDC has been the subject of several recent research reports. 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. Wells Fargo & Company reduced their target price on 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. Jefferies Financial Group started 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. Keefe, Bruyette & Woods lowered their target price on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. Finally, B. Riley began coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average 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.