Allspring Global Investments Holdings LLC Has $211,000 Stock Holdings in Blue Owl Capital Corporation $OBDC

Allspring Global Investments Holdings LLC lifted its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 17.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,700 shares of the company’s stock after purchasing an additional 2,200 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Blue Owl Capital were worth $211,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in Blue Owl Capital by 13.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 52,977 shares of the company’s stock valued at $777,000 after acquiring an additional 6,350 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Blue Owl Capital in the 1st quarter valued at $155,000. Cambridge Investment Research Advisors Inc. lifted its position in Blue Owl Capital by 0.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 334,490 shares of the company’s stock valued at $4,904,000 after acquiring an additional 2,853 shares in the last quarter. Perigon Wealth Management LLC lifted its position in Blue Owl Capital by 4.7% in the 1st quarter. Perigon Wealth Management LLC now owns 30,435 shares of the company’s stock valued at $446,000 after acquiring an additional 1,353 shares in the last quarter. Finally, Diversified Trust Co bought a new stake in Blue Owl Capital in the 1st quarter valued at $1,070,000. 42.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on OBDC. Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Finally, LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.21.

Blue Owl Capital Price Performance

OBDC stock opened at $13.04 on Friday. The company has a fifty day moving average price of $13.49 and a 200-day moving average price of $14.05. The company has a market capitalization of $6.66 billion, a P/E ratio of 8.63 and a beta of 0.75. Blue Owl Capital Corporation has a 52-week low of $12.04 and a 52-week high of $15.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $485.84 million during the quarter, compared to analysts’ expectations of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. As a group, equities analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.02 dividend. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital’s payout ratio is presently 98.01%.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.