Winthrop Advisory Group LLC Cuts Stock Holdings in Blue Owl Capital Corporation $OBDC

Winthrop Advisory Group LLC trimmed its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 5.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,814 shares of the company’s stock after selling 3,400 shares during the quarter. Winthrop Advisory Group LLC’s holdings in Blue Owl Capital were worth $792,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SVB Wealth LLC purchased a new position in Blue Owl Capital during the first quarter worth about $28,000. Zions Bancorporation National Association UT purchased a new position in shares of Blue Owl Capital in the 1st quarter worth approximately $59,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Blue Owl Capital in the 1st quarter worth approximately $61,000. Bayforest Capital Ltd purchased a new position in shares of Blue Owl Capital in the 1st quarter worth approximately $73,000. Finally, Cary Street Partners Investment Advisory LLC boosted its position in Blue Owl Capital by 23.4% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 5,803 shares of the company’s stock worth $85,000 after purchasing an additional 1,100 shares during the last quarter. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on OBDC shares. Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the stock an “outperform” rating in a research report on Tuesday. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $15.21.

Blue Owl Capital Stock Down 0.0%

OBDC opened at $12.54 on Wednesday. The company has a 50 day moving average of $13.88 and a 200 day moving average of $14.19. The company has a market cap of $6.41 billion, a PE ratio of 8.30 and a beta of 0.75. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.73. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. The company had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. On average, sell-side analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a dividend of $0.02 per share. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.08 dividend on an annualized basis and a yield of 0.6%. Blue Owl Capital’s payout ratio is currently 98.01%.

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.