Kingswood Wealth Advisors LLC Has $11.64 Million Holdings in Blue Owl Capital Corporation (NYSE:OBDC)

Kingswood Wealth Advisors LLC lifted its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 203.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 786,623 shares of the company's stock after acquiring an additional 527,692 shares during the period. Blue Owl Capital comprises approximately 0.4% of Kingswood Wealth Advisors LLC's holdings, making the stock its 29th largest position. Kingswood Wealth Advisors LLC owned approximately 0.15% of Blue Owl Capital worth $11,642,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in OBDC. Anchor Investment Management LLC grew its position in Blue Owl Capital by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after purchasing an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new position in Blue Owl Capital during the fourth quarter valued at approximately $48,000. Lazard Asset Management LLC purchased a new position in Blue Owl Capital during the fourth quarter valued at approximately $49,000. Roxbury Financial LLC purchased a new position in Blue Owl Capital during the first quarter valued at approximately $50,000. Finally, Versant Capital Management Inc purchased a new position in Blue Owl Capital during the first quarter valued at approximately $63,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on OBDC shares. B. Riley began coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective on the stock. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They issued a "buy" rating and a $16.00 target price for the company. Royal Bank Of Canada reiterated an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Keefe, Bruyette & Woods reduced their target price 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. Finally, Wells Fargo & Company reduced their target price on shares of 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. Three equities 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 company. According to MarketBeat, the company 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 that occurred on Tuesday, May 27th. The stock was purchased at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the purchase, the director now directly owns 28,191 shares in the company, valued at $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is owned by corporate insiders.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock traded up $0.10 on Thursday, reaching $14.57. The stock had a trading volume of 1,993,267 shares, compared to its average volume of 2,624,142. The business's 50-day moving average price is $14.27 and its two-hundred day moving average price is $14.70. 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 Corporation has a fifty-two week low of $12.11 and a fifty-two week high of $15.98. The stock has a market cap 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 issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 earnings per share 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 firm had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. On average, sell-side analysts forecast 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. 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 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.