Columbus Macro LLC increased its position in Blue Owl Capital Corporation (NYSE:OBDC – Free Report) by 51.5% in the 3rd quarter, Holdings Channel reports. The firm owned 594,121 shares of the company’s stock after buying an additional 201,918 shares during the quarter. Columbus Macro LLC’s holdings in Blue Owl Capital were worth $6,232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of OBDC. FNY Investment Advisers LLC increased its holdings in Blue Owl Capital by 440.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock valued at $29,000 after buying an additional 2,200 shares during the period. AG Campbell Advisory LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at $36,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Blue Owl Capital by 51.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,208 shares of the company’s stock worth $40,000 after acquiring an additional 1,093 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Blue Owl Capital by 102.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,159 shares of the company’s stock worth $90,000 after acquiring an additional 4,134 shares during the period. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Blue Owl Capital during the 1st quarter worth about $96,000. Institutional investors and hedge funds own 42.83% of the company’s stock.
Wall Street Analyst Weigh In
OBDC has been the topic of several recent research reports. Wall Street Zen upgraded shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Capital One Financial set a $13.00 price target on shares of Blue Owl Capital in a research report on Friday, July 24th. Finally, Lucid Cap Mkts upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average price target of $12.83.
Blue Owl Capital Price Performance
Shares of Blue Owl Capital stock traded up $0.03 during mid-day trading on Wednesday, reaching $10.10. 3,952,744 shares of the stock were exchanged, compared to its average volume of 4,616,521. Blue Owl Capital Corporation has a fifty-two week low of $9.81 and a fifty-two week high of $13.57. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 18.03 and a beta of 0.64. The firm has a 50-day simple moving average of $11.06 and a 200 day simple moving average of $11.07. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.
Blue Owl Capital (NYSE:OBDC – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The firm had revenue of $396.00 million for the quarter, compared to analyst estimates of $394.23 million. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. During the same period in the previous year, the business earned $0.40 earnings per share. On average, sell-side analysts predict that Blue Owl Capital Corporation will post 1.29 EPS for the current fiscal year.
Blue Owl Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.24 annualized dividend and a dividend yield of 12.3%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 221.43%.
Blue Owl Capital Company Profile
Blue Owl Capital Corporation (NYSE:OBDC) is a business development company that provides financing to middle-market companies. The company invests primarily in privately held businesses through senior secured loans, including first-lien and unitranche loans, as well as second-lien debt, subordinated debt and equity investments.
OBDC’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses that may have limited access to traditional financing sources.
The company was formed as Owl Rock Capital Corporation and began operations in 2016.
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