Texas Capital Bancshares Inc TX Makes New $978,000 Investment in Blue Owl Capital Corporation $OBDC

Key Points

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Texas Capital Bancshares Inc TX acquired a new position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 66,679 shares of the company's stock, valued at approximately $978,000. Blue Owl Capital makes up approximately 0.4% of Texas Capital Bancshares Inc TX's investment portfolio, making the stock its 29th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Roxbury Financial LLC bought a new position in Blue Owl Capital in the first quarter worth $50,000. Lazard Asset Management LLC bought a new position in shares of Blue Owl Capital during the fourth quarter valued at $49,000. Zions Bancorporation National Association UT bought a new position in shares of Blue Owl Capital during the first quarter valued at $59,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Blue Owl Capital during the first quarter valued at $61,000. Finally, Versant Capital Management Inc bought a new position in shares of Blue Owl Capital during the first quarter valued at $63,000. Institutional investors own 42.83% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. B. Riley assumed coverage on Blue Owl Capital in a report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target for the company. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Royal Bank Of Canada restated an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. Finally, Wells Fargo & Company reduced their price target 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. Three analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $15.42.

Blue Owl Capital Stock Performance

NYSE OBDC traded up $0.1850 during trading hours on Friday, hitting $14.2550. The company's stock had a trading volume of 2,592,178 shares, compared to its average volume of 2,604,358. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.73. The company's 50 day simple moving average is $14.47 and its two-hundred day simple moving average is $14.49. The company has a market cap of $7.29 billion, a P/E ratio of 9.44 and a beta of 0.74. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The company had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. As a group, sell-side analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, September 15th. Shareholders of record on Monday, September 1st will be given a $0.02 dividend. The ex-dividend date of this dividend is Friday, August 29th. This is a positive change from Blue Owl Capital's previous dividend of $0.01. This represents a yield of 1,139.0%. Blue Owl Capital's payout ratio is 98.01%.

Insider Transactions at Blue Owl Capital

In other news, Director Victor Woolridge bought 6,915 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were acquired at an average cost of $14.45 per share, with a total value of $99,921.75. Following the completion of the transaction, the director 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.11% of the company's stock.

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.