Virtu Financial LLC Takes Position in Blue Owl Capital Corporation (NYSE:OBDC)

Key Points

• Virtu Financial LLC has acquired a new stake in Blue Owl Capital Corporation, purchasing 43,366 shares valued at approximately $636,000 during the 1st quarter.
• Blue Owl Capital reported an earnings per share (EPS) of $0.40, exceeding estimates, and announced a quarterly dividend of $0.37 per share with a yield of 10.4%.
• Analysts have mixed ratings on Blue Owl Capital, with one firm upgrading it to a "strong-buy" and others maintaining buy ratings with price targets ranging from $14.00 to $16.00.

Virtu Financial LLC acquired a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 43,366 shares of the company's stock, valued at approximately $636,000.

Other large investors also recently modified their holdings of the company. Anchor Investment Management LLC raised its position in shares of Blue Owl Capital by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after purchasing an additional 1,500 shares during the period. Roxbury Financial LLC bought a new position in Blue Owl Capital during the first quarter worth about $50,000. Lazard Asset Management LLC bought a new position in Blue Owl Capital during the fourth quarter worth about $49,000. Zions Bancorporation National Association UT bought a new position in Blue Owl Capital during the first quarter worth about $59,000. Finally, Versant Capital Management Inc bought a new position in Blue Owl Capital during the first quarter worth about $63,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 1.3%

NYSE:OBDC opened at $14.28 on Wednesday. The firm's 50 day simple moving average is $14.54 and its 200 day simple moving average is $14.54. 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 Corporation has a one year low of $12.11 and a one year high of $15.73. The company has a market cap of $7.30 billion, a PE ratio of 9.46 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted 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 net margin of 38.29% and a return on equity of 11.24%. The business had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. On average, research analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The company 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 dividend of $0.37 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.48 annualized dividend and a yield of 10.4%. Blue Owl Capital's dividend payout ratio (DPR) is presently 98.01%.

Insider Transactions at Blue Owl Capital

In other news, Director Victor Woolridge purchased 6,915 shares of the 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.11% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on OBDC shares. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. B. Riley started coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price target on the stock. Wells Fargo & Company lowered their price target on shares of 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. Finally, Royal Bank Of Canada reissued an "outperform" rating and issued a $16.00 target price on shares of Blue Owl Capital in a report on Thursday, May 15th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and four have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $15.42.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.