Perennial Investment Advisors LLC Has $6.01 Million Stock Holdings in Blue Owl Capital Corporation $OBDC

Perennial Investment Advisors LLC boosted its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 3.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 419,418 shares of the company’s stock after acquiring an additional 14,834 shares during the quarter. Perennial Investment Advisors LLC owned 0.08% of Blue Owl Capital worth $6,014,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of OBDC. Hamilton Lane Advisors LLC purchased a new position in Blue Owl Capital in the second quarter valued at about $48,845,000. Graypoint LLC increased its position in Blue Owl Capital by 49.4% in the second quarter. Graypoint LLC now owns 590,048 shares of the company’s stock worth $8,461,000 after buying an additional 194,999 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Blue Owl Capital in the second quarter valued at $734,619,000. Integrated Wealth Concepts LLC lifted its position in shares of Blue Owl Capital by 217.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 43,069 shares of the company’s stock valued at $631,000 after buying an additional 29,521 shares during the last quarter. Finally, Trinity Financial Advisors LLC increased its holdings in Blue Owl Capital by 2.3% in the 2nd quarter. Trinity Financial Advisors LLC now owns 1,150,853 shares of the company’s stock worth $16,929,000 after acquiring an additional 25,377 shares during the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $11.87 on Tuesday. Blue Owl Capital Corporation has a 52-week low of $11.79 and a 52-week high of $15.73. The company has a fifty day moving average of $12.94 and a 200-day moving average of $13.91. The company has a market capitalization of $6.06 billion, a P/E ratio of 8.41 and a beta of 0.74. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 0.72.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%.The firm had revenue of $453.07 million during the quarter, compared to analysts’ expectations of $466.81 million. As a group, equities research analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s payout ratio is currently 104.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on OBDC. Citizens Jmp cut their target price on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Zacks Research downgraded Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Wells Fargo & Company lowered their price target on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research note on Monday, November 10th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $14.81.

Blue Owl Capital Company 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.