Blue Owl Capital Corporation $OBDC Shares Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC boosted its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 1,602.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,894,992 shares of the company’s stock after buying an additional 1,783,661 shares during the period. Apollon Wealth Management LLC’s holdings in Blue Owl Capital were worth $20,959,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. 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. IFP Advisors Inc increased its holdings in shares of Blue Owl Capital by 79.6% in the third 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Blue Owl Capital during the third quarter worth approximately $30,000. AG Campbell Advisory LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter worth $36,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Blue Owl Capital during the 4th quarter worth $44,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on OBDC. Truist Financial lowered their price target on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods decreased their target price on shares of 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. Finally, Wells Fargo & Company dropped their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Blue Owl Capital Trading Up 0.0%

Shares of NYSE OBDC opened at $10.82 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $5.37 billion, a PE ratio of 15.46 and a beta of 0.62. Blue Owl Capital Corporation has a twelve month low of $10.52 and a twelve month high of $15.19. The stock has a fifty day simple moving average of $11.20 and a 200-day simple moving average of $11.63.

Blue Owl Capital (NYSE:OBDC) last announced 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 analysts’ expectations of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. On average, equities analysts forecast 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 will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.31 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.5%. Blue Owl Capital’s payout ratio is 211.43%.

Blue Owl Capital Company Profile

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.