Blue Owl Capital Corporation $OBDC Stock Position Raised by Cary Street Partners Financial LLC

by · The Cerbat Gem

Cary Street Partners Financial LLC lifted its stake in Blue Owl Capital Corporation (NYSE:OBDC – Free Report) by 207.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 248,287 shares of the company’s stock after purchasing an additional 167,535 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Blue Owl Capital were worth $3,086,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its position in shares of Blue Owl Capital by 25.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock valued at $28,211,000 after acquiring an additional 384,641 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in Blue Owl Capital during the 1st quarter worth about $6,641,000. EverSource Wealth Advisors LLC grew its stake in Blue Owl Capital by 106.1% during 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 in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Blue Owl Capital by 133.8% during the second quarter. Squarepoint Ops LLC now owns 93,691 shares of the company’s stock worth $1,344,000 after purchasing an additional 53,613 shares during the period. Finally, Diversify Advisory Services LLC increased its stake in Blue Owl Capital by 24.1% in the 2nd quarter. Diversify Advisory Services LLC now owns 16,484 shares of the company’s stock valued at $235,000 after buying an additional 3,200 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on OBDC shares. Wells Fargo & Company dropped their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Truist Financial decreased their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Royal Bank Of Canada dropped their price target on shares of Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Finally, Wall Street Zen lowered shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Blue Owl Capital has an average rating of “Moderate Buy” and an average price target of $13.00.

Get Our Latest Research Report on Blue Owl Capital

Blue Owl Capital Stock Up 0.0%

Shares of OBDC stock opened at $11.19 on Thursday. Blue Owl Capital Corporation has a one year low of $10.52 and a one year high of $15.19. The stock has a market cap of $5.55 billion, a P/E ratio of 15.99 and a beta of 0.64. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a fifty day moving average price of $11.23 and a 200 day moving average price of $11.88.

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

Blue Owl Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.24 annualized dividend and a yield of 11.1%. Blue Owl Capital’s payout ratio is currently 211.43%.

Blue Owl Capital announced that its board has authorized a stock buyback program on Wednesday, February 18th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 5.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Blue Owl Capital Profile

(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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