Stephens Inc. AR Has $17.61 Million Stock Holdings in Blue Owl Capital Corporation $OBDC

Stephens Inc. AR decreased its position in Blue Owl Capital Corporation (NYSE:OBDCFree Report) by 4.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,592,507 shares of the company’s stock after selling 72,851 shares during the period. Stephens Inc. AR owned approximately 0.32% of Blue Owl Capital worth $17,613,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in OBDC. Strs Ohio raised its stake in Blue Owl Capital by 411.4% during the 1st quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock worth $121,018,000 after buying an additional 8,802,373 shares during the period. Lalia Capital LLC acquired a new position in shares of Blue Owl Capital in the 4th quarter valued at approximately $37,991,000. UBS Group AG increased its stake in Blue Owl Capital by 40.6% during the 4th quarter. UBS Group AG now owns 8,528,672 shares of the company’s stock worth $106,011,000 after purchasing an additional 2,463,080 shares in the last quarter. Private Management Group Inc. bought a new stake in Blue Owl Capital during the 4th quarter worth approximately $27,012,000. Finally, Wells Fargo & Company MN raised its holdings in Blue Owl Capital by 142.6% during the 4th quarter. Wells Fargo & Company MN now owns 3,440,960 shares of the company’s stock worth $42,771,000 after buying an additional 2,022,806 shares during the period. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC opened at $10.81 on Monday. Blue Owl Capital Corporation has a 12 month low of $10.52 and a 12 month high of $15.19. The firm has a fifty day simple moving average of $11.13 and a 200 day simple moving average of $11.55. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 15.45 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18.

Blue Owl Capital (NYSE:OBDCGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. The business had revenue of $391.00 million during the quarter, compared to analyst estimates of $422.02 million. Research analysts forecast that Blue Owl Capital Corporation will post 1.27 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.5%. Blue Owl Capital’s payout ratio is currently 177.14%.

Wall Street Analyst Weigh In

OBDC has been the subject of several research analyst reports. Wells Fargo & Company reduced 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 report on Friday, May 8th. Keefe, Bruyette & Woods cut their price objective on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, April 16th. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Truist Financial dropped their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Get Our Latest Analysis on Blue Owl Capital

About Blue Owl Capital

(Free Report)

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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Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OBDC)

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