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

Tectonic Advisors LLC boosted its stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 9.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 670,113 shares of the company's stock after acquiring an additional 60,232 shares during the quarter. Tectonic Advisors LLC owned 0.13% of Blue Owl Capital worth $9,824,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Brown University increased its position in shares of Blue Owl Capital by 17.9% during the first quarter. Brown University now owns 4,348,863 shares of the company's stock worth $63,754,000 after purchasing an additional 660,136 shares in the last quarter. BluePointe Capital Management LLC increased its position in shares of Blue Owl Capital by 20.4% during the first quarter. BluePointe Capital Management LLC now owns 174,469 shares of the company's stock worth $2,622,000 after purchasing an additional 29,529 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of Blue Owl Capital by 8.8% during the first quarter. Apollon Wealth Management LLC now owns 129,583 shares of the company's stock worth $1,900,000 after purchasing an additional 10,527 shares in the last quarter. Turtle Creek Wealth Advisors LLC increased its position in shares of Blue Owl Capital by 930.8% during the first quarter. Turtle Creek Wealth Advisors LLC now owns 183,753 shares of the company's stock worth $2,694,000 after purchasing an additional 165,926 shares in the last quarter. Finally, Fortem Financial Group LLC increased its position in shares of Blue Owl Capital by 41.5% during the first quarter. Fortem Financial Group LLC now owns 135,688 shares of the company's stock worth $1,989,000 after purchasing an additional 39,803 shares in the last quarter. Hedge funds and other institutional investors own 42.83% of the company's stock.

Insider Transactions at Blue Owl Capital

In other news, Director Victor Woolridge bought 6,915 shares of the firm's stock in a transaction that occurred 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 purchase, the director owned 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 document filed with the SEC, which is available at the SEC website. Insiders own 0.11% of the company's stock.

Blue Owl Capital Trading Up 1.0%

Shares of Blue Owl Capital stock traded up $0.15 during trading hours on Thursday, hitting $15.10. The company's stock had a trading volume of 2,974,450 shares, compared to its average volume of 2,668,673. Blue Owl Capital Corporation has a twelve month low of $12.11 and a twelve month high of $15.87. The firm has a fifty day moving average of $14.53 and a 200-day moving average of $14.60. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 9.74 and a beta of 0.72. The company has a debt-to-equity ratio of 1.31, a quick ratio of 1.13 and a current ratio of 1.13.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing the consensus estimate 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 business had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. Research analysts forecast that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

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

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Jefferies Financial Group started coverage on Blue Owl Capital in a research report on Friday, April 11th. They set a "buy" rating and a $16.00 price target for the company. Wells Fargo & Company dropped their target price on 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 dropped their target price on Blue Owl Capital from $15.10 to $14.50 and set a "market perform" rating for the company in a report on Tuesday, April 8th. B. Riley started coverage on Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 target price for the company. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average 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.