Left Brain Wealth Management LLC purchased a new stake in Blue Owl Capital Corporation (NYSE:OBDC – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 64,330 shares of the company’s stock, valued at approximately $675,000.
A number of other hedge funds have also modified their holdings of the business. Generali Asset Management SPA SGR grew its holdings in Blue Owl Capital by 0.6% during the 3rd quarter. Generali Asset Management SPA SGR now owns 4,377,778 shares of the company’s stock valued at $45,923,000 after buying an additional 25,984 shares during the last quarter. Latitude Advisors LLC acquired a new position in shares of Blue Owl Capital in the third quarter worth $42,000. Oppenheimer & Co. Inc. lifted its position in shares of Blue Owl Capital by 19.3% in the third quarter. Oppenheimer & Co. Inc. now owns 462,066 shares of the company’s stock valued at $4,847,000 after acquiring an additional 74,888 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Blue Owl Capital by 60.2% in the third quarter. Park Avenue Securities LLC now owns 47,368 shares of the company’s stock valued at $497,000 after acquiring an additional 17,793 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC lifted its position in shares of Blue Owl Capital by 7.3% in the third quarter. Kingswood Wealth Advisors LLC now owns 127,771 shares of the company’s stock valued at $1,340,000 after acquiring an additional 8,664 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently commented on OBDC shares. Raymond James Financial set a $11.00 price objective on Blue Owl Capital in a research note on Thursday, October 22nd. Capital One Financial set a $13.00 target price on shares of Blue Owl Capital in a research note on Friday, July 24th. Lucid Cap Mkts upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. Finally, Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $12.57.
Get Our Latest Analysis on OBDC
Blue Owl Capital Trading Down 1.1%
Shares of OBDC stock opened at $10.38 on Friday. The firm has a market cap of $5.12 billion, a P/E ratio of 18.54 and a beta of 0.64. Blue Owl Capital Corporation has a 1-year low of $9.81 and a 1-year high of $13.57. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm’s 50-day simple moving average is $10.70 and its 200-day simple moving average is $11.17.
Blue Owl Capital (NYSE:OBDC – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.02. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. The business had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $394.23 million. During the same period last year, the company earned $0.40 earnings per share. As a group, equities analysts forecast that Blue Owl Capital Corporation will post 1.30 EPS for the current year.
Blue Owl Capital Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.24 dividend on an annualized basis and a yield of 11.9%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 221.43%.
Blue Owl Capital Profile
Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.
OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.
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