Ocean Park Asset Management LLC Acquires Shares of 77,771 Blue Owl Capital Corporation $OBDC

Ocean Park Asset Management LLC acquired a new stake in Blue Owl Capital Corporation (NYSE:OBDC) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 77,771 shares of the company’s stock, valued at approximately $859,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in OBDC. Spire Wealth Management increased its holdings in shares of Blue Owl Capital by 29.1% during the 4th 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 last quarter. Golden State Equity Partners raised its stake in Blue Owl Capital by 1.8% in the 4th quarter. Golden State Equity Partners now owns 46,405 shares of the company’s stock valued at $577,000 after acquiring an additional 836 shares during the period. BlueStem Wealth Partners LLC lifted its holdings in Blue Owl Capital by 2.5% during the 3rd 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 last quarter. Trust Investment Advisors lifted its holdings in Blue Owl Capital by 1.5% during the 3rd 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 last quarter. Finally, IFP Advisors Inc boosted its position in Blue Owl Capital by 79.6% during the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock worth $27,000 after purchasing an additional 929 shares during the period. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Performance

Shares of Blue Owl Capital stock opened at $10.88 on Monday. The company has a 50 day moving average of $11.24 and a 200-day moving average of $11.72. Blue Owl Capital Corporation has a 1-year low of $10.52 and a 1-year 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 company has a market cap of $5.40 billion, a PE ratio of 15.55 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The firm had revenue of $391.00 million during the quarter, compared to the consensus estimate of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. As a group, equities research analysts forecast that Blue Owl Capital Corporation will post 1.27 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio (DPR) is currently 211.43%.

Analyst Ratings Changes

Several equities analysts have commented on OBDC shares. Truist Financial decreased their price objective on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a report 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 reduced their target price 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 decreased their price target on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, April 16th. 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 research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.00.

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.