Blue Owl Capital Corporation $OBDC Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 46.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 558,508 shares of the company’s stock after selling 491,354 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Blue Owl Capital were worth $6,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Spire Wealth Management raised its stake in Blue Owl Capital by 29.1% during the fourth quarter. Spire Wealth Management now owns 3,680 shares of the company’s stock worth $46,000 after acquiring an additional 830 shares during the period. Golden State Equity Partners increased its stake in shares of Blue Owl Capital by 1.8% in the fourth quarter. Golden State Equity Partners now owns 46,405 shares of the company’s stock valued at $577,000 after purchasing an additional 836 shares during the period. BlueStem Wealth Partners LLC increased its stake in shares of Blue Owl Capital by 2.5% in the third quarter. BlueStem Wealth Partners LLC now owns 34,465 shares of the company’s stock valued at $440,000 after purchasing an additional 837 shares during the period. Trust Investment Advisors increased its stake in shares of Blue Owl Capital by 1.5% in the third quarter. Trust Investment Advisors now owns 59,912 shares of the company’s stock valued at $765,000 after purchasing an additional 868 shares during the period. Finally, IFP Advisors Inc increased its stake in shares of Blue Owl Capital by 79.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after purchasing an additional 929 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $11.03 on Friday. Blue Owl Capital Corporation has a 52 week low of $10.52 and a 52 week high of $15.19. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $5.47 billion, a P/E ratio of 15.75 and a beta of 0.62. The firm’s 50 day moving average is $11.21 and its two-hundred day moving average is $11.84.

Blue Owl Capital (NYSE:OBDC) last posted 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 net margin of 20.21% and a return on equity of 9.76%. The company had revenue of $391.00 million for the quarter, compared to analyst estimates of $422.02 million. Analysts anticipate that Blue Owl Capital Corporation will post 1.27 earnings per share for the current year.

Blue Owl Capital declared that its board has approved a share buyback plan on Wednesday, February 18th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 5.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Blue Owl Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 211.43%.

Wall Street Analyst Weigh In

Several brokerages have commented on OBDC. 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 note on Friday, February 20th. Truist Financial dropped their price target on shares of 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. Zacks Research upgraded shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. 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. Finally, Wall Street Zen lowered shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

About Blue Owl Capital

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.