Venturi Wealth Management LLC Purchases 14,400 Shares of Blue Owl Capital Corporation $OBDC

Venturi Wealth Management LLC boosted its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 141.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,600 shares of the company’s stock after purchasing an additional 14,400 shares during the quarter. Venturi Wealth Management LLC’s holdings in Blue Owl Capital were worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hamilton Lane Advisors LLC bought a new stake in Blue Owl Capital during the 2nd quarter worth about $48,845,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Blue Owl Capital by 85.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,026,055 shares of the company’s stock worth $15,042,000 after purchasing an additional 474,100 shares during the last quarter. Graypoint LLC raised its holdings in Blue Owl Capital by 49.4% during the 2nd quarter. Graypoint LLC now owns 590,048 shares of the company’s stock worth $8,461,000 after purchasing an additional 194,999 shares during the last quarter. Sound Income Strategies LLC raised its holdings in Blue Owl Capital by 4.3% during the 1st quarter. Sound Income Strategies LLC now owns 3,153,298 shares of the company’s stock worth $46,227,000 after purchasing an additional 129,038 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new stake in Blue Owl Capital during the 2nd quarter worth about $734,619,000. 42.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on OBDC. Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the stock an “outperform” rating in a research report on Tuesday. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $15.21.

Blue Owl Capital Price Performance

Shares of OBDC opened at $12.13 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a 50 day simple moving average of $13.76 and a 200 day simple moving average of $14.14. Blue Owl Capital Corporation has a 52-week low of $12.04 and a 52-week high of $15.73. The firm has a market capitalization of $6.20 billion, a PE ratio of 8.03 and a beta of 0.75.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $480.42 million. Sell-side analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.02 per share. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.08 dividend on an annualized basis and a yield of 0.7%. Blue Owl Capital’s payout ratio is currently 98.01%.

Blue Owl Capital 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.