Blue Owl Capital Corporation (NYSE:OBDC) Shares Purchased by Border to Coast Pensions Partnership Ltd

Border to Coast Pensions Partnership Ltd raised its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 4.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,250,000 shares of the company’s stock after buying an additional 50,000 shares during the period. Border to Coast Pensions Partnership Ltd’s holdings in Blue Owl Capital were worth $18,325,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Royal Bank of Canada lifted its holdings 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 acquiring an additional 620,521 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Blue Owl Capital by 5.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company’s stock worth $72,361,000 after purchasing an additional 236,467 shares in the last quarter. Cresset Asset Management LLC boosted its position in shares of Blue Owl Capital by 8,188.9% in the fourth quarter. Cresset Asset Management LLC now owns 4,439,547 shares of the company’s stock worth $68,762,000 after buying an additional 4,385,987 shares during the period. Sound Income Strategies LLC boosted its position in shares of Blue Owl Capital by 4.3% in the first quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company’s stock worth $46,227,000 after buying an additional 129,038 shares during the period. Finally, Transcend Capital Advisors LLC grew its stake in shares of Blue Owl Capital by 6.8% in the first quarter. Transcend Capital Advisors LLC now owns 2,610,059 shares of the company’s stock valued at $38,263,000 after buying an additional 166,402 shares in the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company decreased 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. Jefferies Financial Group began coverage on shares of Blue Owl Capital in a research note on Friday, April 11th. They issued a “buy” rating and a $16.00 target price for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday, May 15th. B. Riley started coverage on shares of Blue Owl Capital in a report on Tuesday, May 13th. They issued a “buy” rating and a $15.00 price objective on the stock. Finally, Keefe, Bruyette & Woods lowered 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 note on Tuesday, April 8th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $15.64.

Insider Activity

In other Blue Owl Capital news, Director Victor Woolridge purchased 6,915 shares of Blue Owl Capital stock in a transaction dated Tuesday, May 27th. The shares were bought at an average cost of $14.45 per share, for a total transaction of $99,921.75. Following the transaction, the director now owns 28,191 shares in the company, valued at $407,359.95. This represents a 32.50% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.11% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $14.66 on Friday. The firm has a fifty day moving average of $14.35 and a two-hundred day moving average of $14.67. The firm has a market cap of $7.49 billion, a P/E ratio of 9.45 and a beta of 0.73. Blue Owl Capital Corporation has a 1-year low of $12.11 and a 1-year high of $15.87. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.13 and a quick ratio of 1.13.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.04). The firm had revenue of $464.65 million during the quarter, compared to analyst estimates of $457.88 million. Blue Owl Capital had a return on equity of 11.72% and a net margin of 39.42%. As a group, research analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, June 13th. Stockholders of record on Monday, June 2nd were given a $0.01 dividend. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 11.51%. Blue Owl Capital’s payout ratio is 95.48%.

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.