Blue Owl Capital Corporation $OBDC Shares Purchased by Castle Wealth Management LLC

Castle Wealth Management LLC increased its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 36.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,877 shares of the company’s stock after purchasing an additional 6,972 shares during the quarter. Castle Wealth Management LLC’s holdings in Blue Owl Capital were worth $381,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital during the first quarter worth about $28,000. Private Trust Co. NA raised its position in Blue Owl Capital by 86.6% during the second quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock valued at $45,000 after acquiring an additional 1,449 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $59,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $61,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $73,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Friday, August 8th. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Raymond James Financial set a $14.00 price target on Blue Owl Capital and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $15.21.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $12.97 on Thursday. The company has a market cap of $6.63 billion, a P/E ratio of 8.59 and a beta of 0.75. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. Blue Owl Capital Corporation has a 52 week low of $12.04 and a 52 week high of $15.73. The business has a fifty day simple moving average of $13.54 and a 200-day simple moving average of $14.03.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The firm had revenue of $485.84 million for the quarter, compared to analysts’ expectations of $480.42 million. Equities research analysts forecast that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.02 dividend. The ex-dividend date was Friday, August 29th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a yield of 0.6%. Blue Owl Capital’s payout ratio is 98.01%.

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.