Sumitomo Mitsui Trust Group Inc. Acquires 257,277 Shares of Blue Owl Capital Corporation $OBDC

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 25.1% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,283,332 shares of the company’s stock after acquiring an additional 257,277 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.25% of Blue Owl Capital worth $18,403,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Hamilton Lane Advisors LLC purchased a new stake in shares of Blue Owl Capital during the second quarter valued at approximately $48,845,000. Graypoint LLC boosted its stake in shares of Blue Owl Capital by 49.4% during the second quarter. Graypoint LLC now owns 590,048 shares of the company’s stock valued at $8,461,000 after purchasing an additional 194,999 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Blue Owl Capital during the second quarter valued at approximately $734,619,000. Integrated Wealth Concepts LLC boosted its stake in shares of Blue Owl Capital by 217.9% during the first quarter. Integrated Wealth Concepts LLC now owns 43,069 shares of the company’s stock valued at $631,000 after purchasing an additional 29,521 shares during the period. Finally, Trinity Financial Advisors LLC boosted its stake in shares of Blue Owl Capital by 2.3% during the second quarter. Trinity Financial Advisors LLC now owns 1,150,853 shares of the company’s stock valued at $16,929,000 after purchasing an additional 25,377 shares during the period. 42.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Blue Owl Capital Stock Down 1.3%

Shares of NYSE:OBDC opened at $13.07 on Thursday. The stock has a fifty day simple moving average of $13.43 and a two-hundred day simple moving average of $14.05. The stock has a market capitalization of $6.68 billion, a price-to-earnings ratio of 8.65 and a beta of 0.75. Blue Owl Capital Corporation has a 12-month low of $12.04 and a 12-month high of $15.73. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The business had revenue of $485.84 million during the quarter, compared to analysts’ expectations of $480.42 million. On average, research analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were issued a dividend of $0.02 per share. This is a boost 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 dividend 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.