Blue Owl Capital Corporation (NYSE:OBDC) Shares Purchased by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC grew its position in shares of 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 SEC. The fund owned 786,623 shares of the company's stock after purchasing an additional 527,692 shares during the quarter. Blue Owl Capital makes up about 0.4% of Kingswood Wealth Advisors LLC's holdings, making the stock its 29th largest position. Kingswood Wealth Advisors LLC owned 0.15% of Blue Owl Capital worth $11,642,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Csenge Advisory Group boosted its stake in shares of Blue Owl Capital by 2.6% during the fourth quarter. Csenge Advisory Group now owns 55,064 shares of the company's stock worth $833,000 after buying an additional 1,373 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Blue Owl Capital by 57.2% during the fourth quarter. Sanctuary Advisors LLC now owns 275,503 shares of the company's stock worth $4,146,000 after buying an additional 100,198 shares during the period. Truist Financial Corp boosted its stake in shares of Blue Owl Capital by 8.1% during the fourth quarter. Truist Financial Corp now owns 71,999 shares of the company's stock worth $1,089,000 after buying an additional 5,381 shares during the period. D.A. Davidson & CO. boosted its stake in shares of Blue Owl Capital by 3.1% during the fourth quarter. D.A. Davidson & CO. now owns 377,811 shares of the company's stock worth $5,713,000 after buying an additional 11,270 shares during the period. Finally, Venturi Wealth Management LLC acquired a new stake in shares of Blue Owl Capital during the fourth quarter worth about $77,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

Blue Owl Capital Stock Performance

NYSE:OBDC traded down $0.13 during mid-day trading on Friday, reaching $14.46. The stock had a trading volume of 2,729,402 shares, compared to its average volume of 2,616,147. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 9.33 and a beta of 0.73. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.90. The business has a 50 day simple moving average of $14.29 and a 200 day simple moving average of $14.69.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $457.88 million. On average, analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

Insider Activity

In related news, Director Victor Woolridge purchased 6,915 shares of Blue Owl Capital stock in a transaction dated Tuesday, May 27th. The stock was bought at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the transaction, the director now owns 28,191 shares in the company, valued at approximately $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on OBDC. B. Riley began coverage on shares of 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 restated an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a research report on Thursday, May 15th. Wells Fargo & Company reduced their price objective on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Jefferies Financial Group started coverage on shares of Blue Owl Capital in a research report on Friday, April 11th. They issued a "buy" rating and a $16.00 price objective for the company. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of 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. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price 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.