Independent Financial Group LLC Takes $1.93 Million Position in Blue Owl Capital Corporation $OBDC

Independent Financial Group LLC purchased a new position in Blue Owl Capital Corporation (NYSE:OBDC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 174,018 shares of the company’s stock, valued at approximately $1,925,000.

Several other large investors have also recently made changes to their positions in the company. IFP Advisors Inc raised its stake in Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after purchasing an additional 929 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in Blue Owl Capital by 166.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $27,000 after purchasing an additional 1,320 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Blue Owl Capital during the third quarter worth $30,000. AG Campbell Advisory LLC purchased a new stake in shares of Blue Owl Capital during the fourth quarter worth $36,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Blue Owl Capital in the fourth quarter valued at about $44,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $10.99 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s 50-day moving average is $11.02 and its two-hundred day moving average is $11.43. Blue Owl Capital Corporation has a 12 month low of $10.52 and a 12 month high of $15.19. The company has a market capitalization of $5.46 billion, a PE ratio of 15.71 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). The firm had revenue of $391.00 million during the quarter, compared to analysts’ expectations of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. Analysts predict that Blue Owl Capital Corporation will post 1.27 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.31 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.24 dividend on an annualized basis and a yield of 11.3%. Blue Owl Capital’s dividend payout ratio is currently 177.14%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen downgraded shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Truist Financial dropped their price objective on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Finally, Keefe, Bruyette & Woods lowered their target price on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit?investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first?lien senior secured loans, unitranche facilities, second?lien financings, mezzanine debt, and minority equity co-investments.