HighTower Advisors LLC cut its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC – Free Report) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,132,180 shares of the company’s stock after selling 86,176 shares during the quarter. HighTower Advisors LLC’s holdings in Blue Owl Capital were worth $12,307,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of OBDC. Goldman Sachs Group Inc. lifted its position in Blue Owl Capital by 25.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock valued at $28,211,000 after buying an additional 384,641 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Blue Owl Capital during the first quarter valued at about $6,641,000. EverSource Wealth Advisors LLC raised its stake in shares of Blue Owl Capital by 106.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock valued at $125,000 after acquiring an additional 4,494 shares during the period. Squarepoint Ops LLC raised its stake in shares of Blue Owl Capital by 133.8% in the 2nd quarter. Squarepoint Ops LLC now owns 93,691 shares of the company’s stock valued at $1,344,000 after acquiring an additional 53,613 shares during the period. Finally, Diversify Advisory Services LLC lifted its holdings in shares of Blue Owl Capital by 24.1% in the 2nd quarter. Diversify Advisory Services LLC now owns 16,484 shares of the company’s stock worth $235,000 after acquiring an additional 3,200 shares during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.
Blue Owl Capital Price Performance
Blue Owl Capital stock opened at $11.14 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. Blue Owl Capital Corporation has a 52-week low of $10.52 and a 52-week high of $14.31. The firm has a market cap of $5.50 billion, a PE ratio of 19.90 and a beta of 0.63. The company’s 50 day moving average is $11.17 and its two-hundred day moving average is $11.19.
Blue Owl Capital Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 11.1%. The ex-dividend date of this dividend is Wednesday, September 30th. Blue Owl Capital’s payout ratio is presently 221.43%.
Analysts Set New Price Targets
OBDC has been the subject of a number of research analyst reports. Capital One Financial set a $13.00 price objective on shares of Blue Owl Capital in a research report on Friday, July 24th. Truist Financial decreased 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. Lucid Cap Mkts raised Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. Finally, Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $13.00.
View Our Latest Stock Analysis on Blue Owl Capital
Blue Owl Capital 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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