Blue Owl Capital Corporation $OBDC Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC increased its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 5.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,976,748 shares of the company’s stock after buying an additional 196,847 shares during the quarter. Blue Owl Capital accounts for about 2.1% of Sound Income Strategies LLC’s holdings, making the stock its 5th biggest holding. Sound Income Strategies LLC’s holdings in Blue Owl Capital were worth $42,790,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of OBDC. IFP Advisors Inc lifted 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 worth $27,000 after acquiring an additional 929 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 valued at $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 bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at approximately $30,000. AG Campbell Advisory LLC acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $36,000. Finally, FNY Investment Advisers LLC acquired a new position in Blue Owl Capital during the 4th quarter worth approximately $44,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $10.81 on Friday. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 15.45 and a beta of 0.62. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.18. 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 $11.14 and a 200 day simple moving average of $11.57.

Blue Owl Capital (NYSE:OBDC) last released its quarterly 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 company had revenue of $391.00 million during the quarter, compared to the consensus estimate of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. Sell-side analysts expect that Blue Owl Capital Corporation will post 1.27 EPS for the current year.

Blue Owl Capital Cuts Dividend

The business also recently announced 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 annualized dividend and a yield of 11.5%. Blue Owl Capital’s dividend payout ratio is presently 177.14%.

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Truist Financial lowered their price target on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a report on Tuesday, May 19th. Keefe, Bruyette & Woods dropped their price target 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. Finally, Wells Fargo & Company cut their price objective on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Blue Owl Capital 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.