Corient Private Wealth LLC Increases Stock Position in Blue Owl Capital Corporation $OBDC

Corient Private Wealth LLC increased its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 38.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,733,405 shares of the company’s stock after buying an additional 484,327 shares during the period. Corient Private Wealth LLC owned about 0.34% of Blue Owl Capital worth $24,957,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NorthRock Partners LLC increased its position in shares of Blue Owl Capital by 5.4% during the second quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock worth $281,000 after acquiring an additional 975 shares during the last quarter. Pallas Capital Advisors LLC grew its stake in Blue Owl Capital by 3.3% during the 2nd quarter. Pallas Capital Advisors LLC now owns 34,566 shares of the company’s stock valued at $496,000 after purchasing an additional 1,103 shares in the last quarter. MAS Advisors LLC increased its holdings in Blue Owl Capital by 4.1% during the 2nd quarter. MAS Advisors LLC now owns 28,173 shares of the company’s stock worth $404,000 after purchasing an additional 1,110 shares during the last quarter. Samalin Investment Counsel LLC raised its position in shares of Blue Owl Capital by 1.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 77,685 shares of the company’s stock valued at $1,139,000 after purchasing an additional 1,169 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Blue Owl Capital by 25.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,308 shares of the company’s stock valued at $92,000 after buying an additional 1,280 shares during the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 0.5%

NYSE OBDC opened at $12.92 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 0.72. Blue Owl Capital Corporation has a one year low of $11.65 and a one year high of $15.73. The company has a 50-day simple moving average of $12.76 and a 200-day simple moving average of $13.70. The firm has a market capitalization of $6.60 billion, a PE ratio of 9.16 and a beta of 0.65.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%.The business had revenue of $453.07 million during the quarter, compared to the consensus estimate of $466.81 million. On average, equities analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OBDC. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Citizens Jmp dropped their target price on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Wells Fargo & Company cut their target price on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Royal Bank Of Canada decreased their price target on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Finally, Keefe, Bruyette & Woods cut their price objective on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and an average price target of $14.56.

Insiders Place Their Bets

In other news, CEO Craig Packer purchased 83,200 shares of Blue Owl Capital stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of $11.75 per share, with a total value of $977,600.00. Following the completion of the acquisition, the chief executive officer owned 41,600 shares in the company, valued at $488,800. The trade was a -200.00% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Neena Reddy acquired 7,890 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the acquisition, the vice president owned 7,890 shares in the company, valued at approximately $103,043.40. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.11% of the stock is owned by corporate insiders.

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.