Blue Owl Capital Corporation $OBDC Stock: Oppenheimer & Co. Inc. Raises Holdings

Oppenheimer & Co. Inc. grew its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 19.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 462,066 shares of the company’s stock after purchasing an additional 74,888 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.09% of Blue Owl Capital worth $4,847,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in OBDC. Park Avenue Securities LLC grew its stake in Blue Owl Capital by 60.2% during the 3rd quarter. Park Avenue Securities LLC now owns 47,368 shares of the company’s stock worth $497,000 after buying an additional 17,793 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in Blue Owl Capital by 7.3% in the third quarter. Kingswood Wealth Advisors LLC now owns 127,771 shares of the company’s stock worth $1,340,000 after buying an additional 8,664 shares during the period. Richardson Capital Management LLC acquired a new stake in Blue Owl Capital in the third quarter worth $197,000. Wedbush Securities Inc. lifted its stake in Blue Owl Capital by 5.0% in the third quarter. Wedbush Securities Inc. now owns 105,473 shares of the company’s stock valued at $1,106,000 after buying an additional 5,022 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in Blue Owl Capital in the third quarter valued at $138,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on OBDC shares. Raymond James Financial set a $11.00 price target on shares of Blue Owl Capital in a report on Thursday, October 22nd. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Capital One Financial set a $13.00 price objective on shares of Blue Owl Capital in a research report on Friday, July 24th. Finally, Lucid Cap Mkts raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.57.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $10.49 on Friday. Blue Owl Capital Corporation has a 12-month low of $9.81 and a 12-month high of $13.57. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 18.74 and a beta of 0.64. The business has a 50 day simple moving average of $10.72 and a 200 day simple moving average of $11.18.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%. The firm had revenue of $396.00 million for the quarter, compared to the consensus estimate of $394.23 million. During the same quarter in the previous year, the business earned $0.40 EPS. On average, equities research analysts anticipate that Blue Owl Capital Corporation will post 1.30 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend was Wednesday, September 30th. Blue Owl Capital’s dividend payout ratio (DPR) is 221.43%.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.