Advisors Asset Management Inc. Has $7.10 Million Stock Holdings in Blue Owl Capital Corporation $OBDC

Advisors Asset Management Inc. raised its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 15.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 494,859 shares of the company’s stock after buying an additional 64,836 shares during the period. Advisors Asset Management Inc. owned 0.10% of Blue Owl Capital worth $7,096,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. SVB Wealth LLC bought a new stake in Blue Owl Capital during the 1st quarter worth approximately $28,000. First Horizon Advisors Inc. bought a new stake in Blue Owl Capital in the 2nd quarter valued at about $40,000. Private Trust Co. NA grew its position in Blue Owl Capital by 86.6% in the 2nd quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock valued at $45,000 after purchasing an additional 1,449 shares during the period. Allworth Financial LP lifted its position in Blue Owl Capital by 24,533.3% in the 2nd quarter. Allworth Financial LP now owns 3,695 shares of the company’s stock valued at $53,000 after acquiring an additional 3,680 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in Blue Owl Capital during the first quarter worth $59,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Ratings Changes

OBDC has been the topic of several research analyst reports. 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. Wells Fargo & Company dropped their target price on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Zacks Research downgraded Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Citizens Jmp decreased their target price on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, November 7th. Finally, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.81.

Insider Activity at Blue Owl Capital

In related news, CEO Craig Packer purchased 83,200 shares of Blue Owl Capital stock in a transaction dated Tuesday, November 18th. The stock was purchased at an average cost of $11.75 per share, for a total transaction of $977,600.00. Following the completion of the purchase, the chief executive officer directly owned 41,600 shares of the company’s stock, valued at $488,800. The trade was a -200.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.11% of the stock is owned by company insiders.

Blue Owl Capital Trading Up 1.7%

Shares of NYSE OBDC opened at $12.87 on Wednesday. Blue Owl Capital Corporation has a 1 year low of $11.65 and a 1 year high of $15.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a 50-day moving average of $12.73 and a 200 day moving average of $13.84. The stock has a market cap of $6.57 billion, a P/E ratio of 9.12 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). The company had revenue of $453.07 million during the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%. As a group, sell-side analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio is presently 104.96%.

About Blue Owl Capital

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.