Stephens Inc. AR Has $17.61 Million Holdings in Blue Owl Capital Corporation $OBDC

Stephens Inc. AR cut its position in Blue Owl Capital Corporation (NYSE:OBDC) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,592,507 shares of the company’s stock after selling 72,851 shares during the quarter. Stephens Inc. AR’s holdings in Blue Owl Capital were worth $17,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. IFP Advisors Inc raised its stake in 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 buying an additional 929 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake 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 worth $27,000 after acquiring an additional 1,320 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Blue Owl Capital during the 3rd quarter worth approximately $30,000. AG Campbell Advisory LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth approximately $36,000. Finally, FNY Investment Advisers LLC bought a new stake in Blue Owl Capital in the 4th quarter valued at $44,000. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $10.81 on Monday. The stock has a market capitalization of $5.37 billion, a PE ratio of 15.45 and a beta of 0.62. The business has a fifty day moving average price of $11.13 and a two-hundred day moving average price of $11.55. Blue Owl Capital Corporation has a fifty-two week low of $10.52 and a fifty-two week high of $15.19. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.24 and a quick ratio of 1.24.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%.The firm had revenue of $391.00 million for the quarter, compared to analyst estimates of $422.02 million. As a group, equities analysts predict that Blue Owl Capital Corporation will post 1.27 earnings per share 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. Investors 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 11.5%. The ex-dividend date is Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio is currently 177.14%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of 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. Truist Financial cut 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 report on Tuesday, May 19th. Wells Fargo & Company reduced their price objective 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, Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. One investment 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 company. According to data from MarketBeat, the company currently 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.