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

Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in shares of Blue Owl Capital by 17.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,065,947 shares of the company's stock worth $16,117,000 after purchasing an additional 159,946 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Blue Owl Capital by 11.3% in the 4th quarter. Invesco Ltd. now owns 246,208 shares of the company's stock valued at $3,723,000 after purchasing an additional 25,080 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Blue Owl Capital by 7.9% in the 4th quarter. Legal & General Group Plc now owns 373,584 shares of the company's stock valued at $5,650,000 after purchasing an additional 27,208 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $28,434,000. Finally, Rockefeller Capital Management L.P. grew its holdings in Blue Owl Capital by 9.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 575,230 shares of the company's stock valued at $8,697,000 after purchasing an additional 51,075 shares during the period. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Down 1.1%

OBDC traded down $0.16 during mid-day trading on Friday, reaching $14.14. 3,039,557 shares of the stock were exchanged, compared to its average volume of 2,566,091. 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 stock has a market capitalization of $7.23 billion, a PE ratio of 9.36 and a beta of 0.74. The company has a 50 day moving average price of $14.52 and a two-hundred day moving average price of $14.52. Blue Owl Capital Corporation has a 1 year low of $12.11 and a 1 year high of $15.73.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $485.84 million for the quarter, compared to the consensus estimate of $480.42 million. As a group, research analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.48 annualized dividend and a dividend yield of 10.5%. Blue Owl Capital's dividend payout ratio (DPR) is 98.01%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on OBDC shares. Royal Bank Of Canada reiterated an "outperform" rating and issued a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. 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 assumed 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. Finally, Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of "Buy" and a consensus target price of $15.42.

Insider Activity at Blue Owl Capital

In other news, Director Victor Woolridge bought 6,915 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were purchased at an average price of $14.45 per share, for a total transaction of $99,921.75. Following the completion of the acquisition, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company 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.