Johnson Financial Group Inc. Has $6.50 Million Stake in Blue Owl Capital Corporation $OBDC

Johnson Financial Group Inc. boosted its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 43.0% during the first quarter, Holdings Channel reports. The institutional investor owned 569,764 shares of the company’s stock after acquiring an additional 171,374 shares during the quarter. Johnson Financial Group Inc.’s holdings in Blue Owl Capital were worth $6,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of OBDC. Goldman Sachs Group Inc. lifted its holdings in shares of Blue Owl Capital by 25.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock worth $28,211,000 after acquiring an additional 384,641 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Blue Owl Capital in the first quarter worth about $6,641,000. EverSource Wealth Advisors LLC lifted its stake in Blue Owl Capital by 106.1% during the second quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock worth $125,000 after purchasing an additional 4,494 shares during the period. Squarepoint Ops LLC boosted its holdings in Blue Owl Capital by 133.8% during the second quarter. Squarepoint Ops LLC now owns 93,691 shares of the company’s stock valued at $1,344,000 after purchasing an additional 53,613 shares in the last quarter. Finally, Diversify Advisory Services LLC boosted its holdings in Blue Owl Capital by 24.1% during the second quarter. Diversify Advisory Services LLC now owns 16,484 shares of the company’s stock valued at $235,000 after purchasing an additional 3,200 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $10.88 on Tuesday. The stock has a market capitalization of $5.40 billion, a P/E ratio of 15.54 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. Blue Owl Capital Corporation has a 1 year low of $10.52 and a 1 year high of $15.15. The firm has a 50 day moving average of $11.02 and a 200-day moving average of $11.41.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results 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. As a group, sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.27 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 11.4%. The ex-dividend date was Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio is presently 177.14%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on OBDC. Wells Fargo & Company dropped their target price on 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. 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. Keefe, Bruyette & Woods lowered their price target on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, April 16th. Finally, Wall Street Zen lowered Blue Owl Capital from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. 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’s stock. According to data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target 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.