Texas Capital Bank Wealth Management Services Inc Acquires 35,702 Shares of Blue Owl Capital Corporation $OBDC

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Texas Capital Bank Wealth Management Services Inc grew its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 14.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 282,901 shares of the company's stock after purchasing an additional 35,702 shares during the quarter. Texas Capital Bank Wealth Management Services Inc owned approximately 0.06% of Blue Owl Capital worth $4,147,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Oregon Public Employees Retirement Fund increased its position in shares of Blue Owl Capital by 222.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company's stock valued at $236,007,000 after purchasing an additional 11,098,695 shares during the last quarter. Cresset Asset Management LLC increased its position in shares of Blue Owl Capital by 85.8% during the 1st quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company's stock valued at $123,979,000 after purchasing an additional 3,809,000 shares during the last quarter. Royal Bank of Canada increased its position in shares of Blue Owl Capital by 9.2% during the 4th quarter. Royal Bank of Canada now owns 7,387,300 shares of the company's stock valued at $111,696,000 after purchasing an additional 620,521 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Blue Owl Capital by 5.2% during the 4th quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company's stock valued at $72,361,000 after purchasing an additional 236,467 shares during the last quarter. Finally, Brown University increased its position in shares of Blue Owl Capital by 17.9% during the 1st quarter. Brown University now owns 4,348,863 shares of the company's stock valued at $63,754,000 after purchasing an additional 660,136 shares during the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Victor Woolridge bought 6,915 shares of the business's stock in a transaction on Tuesday, May 27th. The stock was acquired at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the purchase, the director directly owned 28,191 shares in the company, valued at $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.11% of the stock is currently owned by corporate insiders.

Blue Owl Capital Price Performance

NYSE OBDC traded up $0.1850 during trading hours on Friday, hitting $14.2550. The company had a trading volume of 2,592,178 shares, compared to its average volume of 2,604,358. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.73. The firm has a 50 day simple moving average of $14.47 and a 200 day simple moving average of $14.49. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 9.44 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results 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 business had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. Equities research analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OBDC. Wells Fargo & Company decreased their price objective 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. Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 15th. LADENBURG THALM/SH SH raised Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 8th. Finally, B. Riley began coverage on Blue Owl Capital in a report on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Buy" and a consensus target price of $15.42.

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.