Janney Montgomery Scott LLC Buys 161,988 Shares of Blue Owl Capital Corporation $OBDC

Janney Montgomery Scott LLC lifted its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 8.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,011,090 shares of the company’s stock after buying an additional 161,988 shares during the period. Janney Montgomery Scott LLC’s holdings in Blue Owl Capital were worth $22,243,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of OBDC. Van ECK Associates Corp boosted its position in shares of Blue Owl Capital by 6.0% during the third quarter. Van ECK Associates Corp now owns 13,364,378 shares of the company’s stock valued at $170,663,000 after purchasing an additional 757,203 shares in the last quarter. Bank of America Corp DE raised its holdings in Blue Owl Capital by 6.5% in the third quarter. Bank of America Corp DE now owns 13,275,411 shares of the company’s stock worth $169,527,000 after purchasing an additional 811,973 shares in the last quarter. UBS Group AG lifted its position in Blue Owl Capital by 40.6% during the fourth quarter. UBS Group AG now owns 8,528,672 shares of the company’s stock valued at $106,011,000 after buying an additional 2,463,080 shares during the period. Ameriprise Financial Inc. lifted its position in Blue Owl Capital by 13.7% during the third quarter. Ameriprise Financial Inc. now owns 5,454,128 shares of the company’s stock valued at $69,005,000 after buying an additional 659,025 shares during the period. Finally, Sound Income Strategies LLC boosted its holdings in shares of Blue Owl Capital by 11.4% during the 4th quarter. Sound Income Strategies LLC now owns 3,779,901 shares of the company’s stock valued at $47,665,000 after buying an additional 387,347 shares in the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OBDC has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reduced their target price on shares of 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. Truist Financial dropped 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 research note on Tuesday, May 19th. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company cut their price objective on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Blue Owl Capital Stock Down 2.6%

NYSE:OBDC opened at $10.86 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market cap of $5.39 billion, a P/E ratio of 15.51 and a beta of 0.62. Blue Owl Capital Corporation has a fifty-two week low of $10.52 and a fifty-two week high of $15.19. The firm has a 50-day simple moving average of $11.18 and a two-hundred day simple moving average of $11.60.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $391.00 million during 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 fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given 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 11.4%. Blue Owl Capital’s dividend payout ratio is 211.43%.

Blue Owl Capital Company 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.