Barnett & Company Inc. Boosts Stock Position in Blue Owl Capital Corporation $OBDC

Barnett & Company Inc. lifted its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 53.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 191,000 shares of the company’s stock after purchasing an additional 66,850 shares during the quarter. Blue Owl Capital comprises about 1.6% of Barnett & Company Inc.’s holdings, making the stock its 20th largest holding. Barnett & Company Inc.’s holdings in Blue Owl Capital were worth $2,112,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OBDC. Next Capital Management LLC increased its stake in Blue Owl Capital by 407.0% during the fourth quarter. Next Capital Management LLC now owns 199,584 shares of the company’s stock worth $2,488,000 after purchasing an additional 160,221 shares during the period. Tectonic Advisors LLC boosted its stake in shares of Blue Owl Capital by 13.0% in the fourth quarter. Tectonic Advisors LLC now owns 1,043,827 shares of the company’s stock valued at $12,975,000 after purchasing an additional 119,798 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Blue Owl Capital by 11.4% in the fourth quarter. Sound Income Strategies LLC now owns 3,779,901 shares of the company’s stock valued at $47,665,000 after purchasing an additional 387,347 shares in the last quarter. Prairiewood Capital LLC increased its stake in Blue Owl Capital by 26.1% during the 4th quarter. Prairiewood Capital LLC now owns 471,602 shares of the company’s stock worth $5,862,000 after buying an additional 97,481 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its stake in Blue Owl Capital by 162.8% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 241,511 shares of the company’s stock worth $3,002,000 after buying an additional 149,609 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of OBDC opened at $10.96 on Friday. Blue Owl Capital Corporation has a twelve month low of $10.52 and a twelve month high of $15.19. The firm’s fifty day simple moving average is $11.08 and its 200-day simple moving average is $11.49. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 15.66 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, May 6th. The company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The firm had revenue of $391.00 million for the quarter, compared to analyst estimates of $422.02 million. Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%. Equities analysts forecast that Blue Owl Capital Corporation will post 1.27 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio is currently 177.14%.

Wall Street Analyst Weigh In

OBDC has been the subject of several research reports. Wall Street Zen upgraded shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. Truist Financial reduced their price objective on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Wells Fargo & Company decreased their target price on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a report 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 for the company in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.