Trustees of Dartmouth College Takes Position in Blue Owl Capital Corporation (NYSE:OBDC)

Trustees of Dartmouth College acquired a new position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,326,984 shares of the company's stock, valued at approximately $48,774,000. Blue Owl Capital makes up 13.8% of Trustees of Dartmouth College's investment portfolio, making the stock its 2nd biggest holding. Trustees of Dartmouth College owned 0.65% of Blue Owl Capital at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Anchor Investment Management LLC boosted its holdings in shares of Blue Owl Capital by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after buying an additional 1,500 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Blue Owl Capital in the fourth quarter worth approximately $48,000. Roxbury Financial LLC purchased a new stake in Blue Owl Capital during the 1st quarter valued at $50,000. Lazard Asset Management LLC bought a new position in Blue Owl Capital in the fourth quarter valued at about $49,000. Finally, Versant Capital Management Inc purchased a new position in shares of Blue Owl Capital in the first quarter worth approximately $63,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Blue Owl Capital

In related news, Director Victor Woolridge acquired 6,915 shares of Blue Owl Capital stock in a transaction dated Tuesday, May 27th. The shares were acquired at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the transaction, the director directly 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on OBDC. Royal Bank Of Canada restated an "outperform" rating and set a $16.00 target price on shares of Blue Owl Capital in a research note on Thursday, May 15th. Wells Fargo & Company cut their target price on Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research 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 research report on Tuesday, April 8th. Jefferies Financial Group assumed coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They set a "buy" rating and a $16.00 target price for the company. Finally, B. Riley initiated coverage on Blue Owl Capital in a research note on Tuesday, May 13th. They issued a "buy" rating and a $15.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $15.64.

Blue Owl Capital Stock Up 0.3%

Shares of Blue Owl Capital stock traded up $0.05 on Thursday, reaching $14.54. 1,443,324 shares of the company were exchanged, compared to its average volume of 2,633,029. The company has a market cap of $7.43 billion, a P/E ratio of 8.01 and a beta of 0.72. 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 stock's 50 day moving average price is $14.41 and its 200-day moving average price is $14.64. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.87.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.04). The business had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a net margin of 39.42% and a return on equity of 11.72%. As a group, equities analysts forecast that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given 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 is currently 95.48%.

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.