Naviter Wealth LLC Buys 32,804 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

Naviter Wealth LLC grew its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 10.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 348,356 shares of the company's stock after acquiring an additional 32,804 shares during the period. Naviter Wealth LLC owned about 0.07% of Blue Owl Capital worth $5,239,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cresset Asset Management LLC boosted its holdings in Blue Owl Capital by 8,188.9% in the 4th quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company's stock worth $68,762,000 after buying an additional 4,385,987 shares during the period. Generali Asset Management SPA SGR bought a new position in Blue Owl Capital in the 4th quarter worth approximately $34,103,000. Raymond James Financial Inc. bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $28,434,000. Boston Partners increased its position in shares of Blue Owl Capital by 76.6% during the fourth 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 period. Finally, Enstar Group LTD bought a new stake in shares of Blue Owl Capital during the fourth quarter valued at about $10,139,000. 42.83% of the stock is owned by institutional investors.

Insider Buying and Selling at Blue Owl Capital

In other news, Director Victor Woolridge acquired 6,915 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were 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 now owns 28,191 shares of the company's stock, valued at $407,359.95. The trade was a 32.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.11% of the company's stock.

Analyst Upgrades and Downgrades

OBDC has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price target on the stock. Wells Fargo & Company cut their price target on shares of 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 decreased their price objective on shares of Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating on the stock in a research report on Tuesday, April 8th. B. Riley initiated coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 15th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of "Buy" and a consensus price target of $15.64.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $14.56 on Friday. The stock has a market cap of $7.44 billion, a PE ratio of 9.39 and a beta of 0.73. The company's fifty day moving average is $14.37 and its 200 day moving average is $14.66. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.87. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 1.31.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The business had revenue of $464.65 million during the quarter, compared to analysts' expectations of $457.88 million. Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. Research analysts anticipate 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 disclosed a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were given 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.

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