Blue Owl Capital Corporation $OBDC Shares Sold by Creative Planning

Creative Planning decreased its position in Blue Owl Capital Corporation (NYSE:OBDC) by 24.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,076,071 shares of the company’s stock after selling 357,232 shares during the quarter. Creative Planning’s holdings in Blue Owl Capital were worth $15,431,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its position in shares of Blue Owl Capital by 44.5% in the 1st quarter. Bank of New York Mellon Corp now owns 116,359 shares of the company’s stock valued at $1,706,000 after purchasing an additional 35,820 shares during the last quarter. Gries Financial LLC increased its holdings in Blue Owl Capital by 636.0% in the first quarter. Gries Financial LLC now owns 86,546 shares of the company’s stock valued at $1,269,000 after buying an additional 74,787 shares during the last quarter. HighPoint Advisor Group LLC increased its holdings in Blue Owl Capital by 4.5% in the first quarter. HighPoint Advisor Group LLC now owns 85,352 shares of the company’s stock valued at $1,211,000 after buying an additional 3,652 shares during the last quarter. Garner Asset Management Corp acquired a new stake in Blue Owl Capital in the first quarter valued at $1,272,000. Finally, BlueChip Wealth Advisors LLC lifted its holdings in Blue Owl Capital by 24.0% during the 1st quarter. BlueChip Wealth Advisors LLC now owns 13,437 shares of the company’s stock worth $197,000 after buying an additional 2,600 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC opened at $11.87 on Tuesday. The company’s 50 day simple moving average is $12.94 and its 200-day simple moving average is $13.91. The firm has a market cap of $6.06 billion, a PE ratio of 8.41 and a beta of 0.74. Blue Owl Capital Corporation has a 12-month low of $11.79 and a 12-month high of $15.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%.The business had revenue of $453.07 million for the quarter, compared to analyst estimates of $466.81 million. As a group, equities analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.5%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 104.96%.

Analysts Set New Price Targets

OBDC has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods dropped their price objective on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a report on Monday, November 10th. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Citizens Jmp reduced their price objective on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Finally, Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.81.

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.