Sound Income Strategies LLC raised its position in Blue Owl Capital Corporation (NYSE:OBDC – Free Report) by 5.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,976,748 shares of the company’s stock after buying an additional 196,847 shares during the quarter. Blue Owl Capital accounts for 2.1% of Sound Income Strategies LLC’s holdings, making the stock its 5th biggest holding. Sound Income Strategies LLC owned 0.80% of Blue Owl Capital worth $42,790,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc lifted its holdings in shares of Blue Owl Capital by 79.6% during the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock worth $27,000 after buying an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Blue Owl Capital by 166.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after acquiring an additional 1,320 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Blue Owl Capital in the third quarter valued at about $30,000. AG Campbell Advisory LLC acquired a new position in shares of Blue Owl Capital in the fourth quarter valued at about $36,000. Finally, FNY Investment Advisers LLC bought a new position in Blue Owl Capital during the fourth quarter worth about $44,000. Institutional investors own 42.83% of the company’s stock.
Blue Owl Capital Trading Up 0.1%
Shares of Blue Owl Capital stock opened at $10.81 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.18. Blue Owl Capital Corporation has a 12-month low of $10.52 and a 12-month high of $15.19. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 15.45 and a beta of 0.62. The firm’s 50-day moving average price is $11.14 and its two-hundred day moving average price is $11.57.
Blue Owl Capital Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio (DPR) is 177.14%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Truist Financial lowered their target price on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Wells Fargo & Company dropped their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Finally, Keefe, Bruyette & Woods cut their price target on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.
View Our Latest Analysis on Blue Owl Capital
Blue Owl Capital Company Profile
Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.
The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.
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