Blue Owl Capital Corporation (NYSE:OBDC) Stock Position Raised by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 85.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,026,055 shares of the company's stock after buying an additional 474,100 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.20% of Blue Owl Capital worth $15,042,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OBDC. Allspring Global Investments Holdings LLC acquired a new stake in shares of Blue Owl Capital in the first quarter worth approximately $183,000. Border to Coast Pensions Partnership Ltd lifted its holdings in Blue Owl Capital by 4.2% in the 1st quarter. Border to Coast Pensions Partnership Ltd now owns 1,250,000 shares of the company's stock worth $18,325,000 after buying an additional 50,000 shares in the last quarter. Transcend Capital Advisors LLC raised its position in shares of Blue Owl Capital by 6.8% in the 1st quarter. Transcend Capital Advisors LLC now owns 2,610,059 shares of the company's stock valued at $38,263,000 after purchasing an additional 166,402 shares in the last quarter. Diversified Trust Co acquired a new position in Blue Owl Capital during the 1st quarter worth $1,070,000. Finally, Tranquility Partners LLC increased its position in shares of Blue Owl Capital by 0.8% in the 1st quarter. Tranquility Partners LLC now owns 153,391 shares of the company's stock worth $2,249,000 after purchasing an additional 1,210 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Wall Street Analysts Forecast Growth

OBDC has been the subject of a number of research reports. Jefferies Financial Group started coverage on Blue Owl Capital in a research note on Friday, April 11th. They issued a "buy" rating and a $16.00 price target for the company. Keefe, Bruyette & Woods dropped their price target on 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. Wells Fargo & Company decreased 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 report on Monday, April 28th. Royal Bank Of Canada reissued an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. Finally, B. Riley assumed coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $15.64.

Blue Owl Capital Stock Performance

OBDC stock traded down $0.19 on Monday, reaching $14.44. The company's stock had a trading volume of 3,179,272 shares, compared to its average volume of 2,639,595. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $7.38 billion, a P/E ratio of 9.32 and a beta of 0.72. The firm has a fifty day moving average of $14.42 and a two-hundred day moving average of $14.62.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings results 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). Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. The business had revenue of $464.65 million during the quarter, compared to the consensus estimate of $457.88 million. As a group, analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

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

Insider Buying and Selling at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge purchased 6,915 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was bought at an average cost of $14.45 per share, with a total value of $99,921.75. Following the acquisition, the director owned 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 acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.11% of the stock is currently owned by company insiders.

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.