Stephens Inc. AR Has $43.84 Million Stock Position in Blue Owl Capital Corporation (NYSE:OBDC)

Stephens Inc. AR reduced its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 10.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 2,990,446 shares of the company's stock after selling 335,852 shares during the period. Blue Owl Capital comprises 0.6% of Stephens Inc. AR's holdings, making the stock its 28th largest position. Stephens Inc. AR owned about 0.59% of Blue Owl Capital worth $43,840,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in Blue Owl Capital by 9.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,038 shares of the company's stock valued at $197,000 after purchasing an additional 1,083 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in Blue Owl Capital by 85.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company's stock valued at $15,042,000 after purchasing an additional 474,100 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Blue Owl Capital by 7.7% in the 4th quarter. JPMorgan Chase & Co. now owns 2,436,706 shares of the company's stock valued at $36,843,000 after purchasing an additional 174,759 shares during the last quarter. Sound Income Strategies LLC lifted its position in Blue Owl Capital by 4.3% during the first quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company's stock worth $46,227,000 after acquiring an additional 129,038 shares during the last quarter. Finally, Castle Wealth Management LLC acquired a new stake in Blue Owl Capital during the first quarter worth approximately $284,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Blue Owl Capital Price Performance

NYSE:OBDC traded up $0.04 during mid-day trading on Friday, reaching $14.66. The stock had a trading volume of 2,955,017 shares, compared to its average volume of 2,657,569. The stock has a 50-day simple moving average of $14.46 and a two-hundred day simple moving average of $14.61. The stock has a market capitalization of $7.49 billion, a PE ratio of 9.46 and a beta of 0.72. 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 Corporation has a 12 month low of $12.11 and a 12 month high of $15.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data 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). The firm 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 analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 13th. Shareholders of record on Monday, June 2nd were paid 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 presently 95.48%.

Insider Buying and Selling at Blue Owl Capital

In related news, Director Victor Woolridge bought 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, with a total value of $99,921.75. Following the completion of the purchase, the director owned 28,191 shares in the company, valued at $407,359.95. This represents a 32.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.11% of the company's stock.

Blue Owl Capital Company 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.