Texas Capital Bank Wealth Management Services Inc Grows Stock Position in Blue Owl Capital Corporation $OBDC

Key Points

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Texas Capital Bank Wealth Management Services Inc increased its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 14.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 282,901 shares of the company's stock after buying an additional 35,702 shares during the period. Texas Capital Bank Wealth Management Services Inc owned about 0.06% of Blue Owl Capital worth $4,147,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northern Trust Corp raised its stake in Blue Owl Capital by 419.1% in the 1st quarter. Northern Trust Corp now owns 753,720 shares of the company's stock valued at $11,050,000 after purchasing an additional 608,518 shares during the last quarter. Corient IA LLC acquired a new position in Blue Owl Capital in the 1st quarter valued at about $147,000. Ethos Financial Group LLC raised its stake in Blue Owl Capital by 6,181.8% in the 1st quarter. Ethos Financial Group LLC now owns 42,088 shares of the company's stock valued at $618,000 after purchasing an additional 41,418 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Blue Owl Capital by 9.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 300,748 shares of the company's stock valued at $4,409,000 after purchasing an additional 24,745 shares during the last quarter. Finally, Partners Group Holding AG raised its stake in Blue Owl Capital by 34.5% in the 1st quarter. Partners Group Holding AG now owns 452,976 shares of the company's stock valued at $6,641,000 after purchasing an additional 116,124 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on OBDC shares. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a "strong-buy" rating in a report on Friday, August 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 price target for the company. Royal Bank Of Canada restated an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. Finally, Wells Fargo & Company lowered 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. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Blue Owl Capital currently has a consensus rating of "Buy" and an average target price of $15.42.

Insiders Place Their Bets

In related news, Director Victor Woolridge purchased 6,915 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was purchased at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the acquisition, the director directly owned 28,191 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this link. 0.11% of the stock is currently owned by corporate insiders.

Blue Owl Capital Stock Up 0.2%

Shares of NYSE:OBDC opened at $14.16 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. Blue Owl Capital Corporation has a 1 year low of $12.11 and a 1 year high of $15.73. The stock has a market capitalization of $7.24 billion, a P/E ratio of 9.38 and a beta of 0.74. The stock has a 50-day simple moving average of $14.51 and a 200-day simple moving average of $14.51.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $480.42 million. Equities analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date is Tuesday, September 30th. Blue Owl Capital's dividend payout ratio is currently 98.01%.

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.

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