NorthRock Partners LLC Grows Holdings in Blue Owl Capital Corporation $OBDC

NorthRock Partners LLC lifted its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 5.4% during the second quarter, Holdings Channel reports. The institutional investor owned 19,106 shares of the company’s stock after acquiring an additional 975 shares during the quarter. NorthRock Partners LLC’s holdings in Blue Owl Capital were worth $281,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Hamilton Lane Advisors LLC purchased a new stake in Blue Owl Capital during the 2nd quarter valued at about $48,845,000. Sumitomo Mitsui Trust Group Inc. grew its position in Blue Owl Capital by 85.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company’s stock valued at $15,042,000 after purchasing an additional 474,100 shares during the last quarter. Graypoint LLC grew its position in Blue Owl Capital by 49.4% during the 2nd quarter. Graypoint LLC now owns 590,048 shares of the company’s stock valued at $8,461,000 after purchasing an additional 194,999 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in Blue Owl Capital during the 2nd quarter valued at about $734,619,000. Finally, Integrated Wealth Concepts LLC grew its position in 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 purchasing an additional 29,521 shares during the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC opened at $12.55 on Friday. The firm’s 50-day moving average price is $13.65 and its 200-day moving average price is $14.07. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. The company has a market cap of $6.41 billion, a PE ratio of 8.31 and a beta of 0.75. Blue Owl Capital Corporation has a 52-week low of $12.04 and a 52-week high of $15.73.

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

Blue Owl Capital Increases Dividend

The firm also recently disclosed 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 of this dividend was Friday, August 29th. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. Blue Owl Capital’s payout ratio is 98.01%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Friday, August 8th. Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the company an “outperform” rating in a report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $15.21.

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.