Stephens Inc. AR Sells 335,852 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

Stephens Inc. AR lowered its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 10.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,990,446 shares of the company's stock after selling 335,852 shares during the period. Blue Owl Capital comprises about 0.6% of Stephens Inc. AR's portfolio, making the stock its 28th biggest position. Stephens Inc. AR owned about 0.59% of Blue Owl Capital worth $43,840,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Anchor Investment Management LLC raised its stake in Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock worth $45,000 after buying an additional 1,500 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $48,000. Lazard Asset Management LLC bought a new position in Blue Owl Capital during the fourth quarter valued at $49,000. Roxbury Financial LLC bought a new position in Blue Owl Capital during the first quarter valued at $50,000. Finally, Versant Capital Management Inc purchased a new stake in shares of Blue Owl Capital during the first quarter worth $63,000. Institutional investors own 42.83% of the company's stock.

Insider Activity at Blue Owl Capital

In related news, Director Victor Woolridge acquired 6,915 shares of Blue Owl Capital stock in a transaction dated 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 directly owned 28,191 shares of the company's stock, valued at approximately $407,359.95. This trade represents a 32.50% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.11% of the stock is owned by company insiders.

Blue Owl Capital Stock Up 1.1%

OBDC stock traded up $0.16 during midday trading on Wednesday, hitting $14.95. The company's stock had a trading volume of 2,661,530 shares, compared to its average volume of 2,667,448. The company has a market cap of $7.64 billion, a PE ratio of 9.65 and a beta of 0.72. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.87. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 1.31. The firm's 50-day moving average is $14.53 and its 200-day moving average is $14.60.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released 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 business had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. On average, equities research analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were issued 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%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Jefferies Financial Group assumed 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. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $16.00 price objective on shares of Blue Owl Capital in a research note on Thursday, May 15th. Keefe, Bruyette & Woods cut their target price 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. B. Riley assumed coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 target price on the stock. Finally, 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. Three 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. According to data from MarketBeat, Blue Owl Capital 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.