Jackson Thornton Wealth Management LLC Reduces Holdings in Blue Owl Capital Corporation $OBDC

Jackson Thornton Wealth Management LLC trimmed its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 21.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,499 shares of the company’s stock after selling 3,858 shares during the quarter. Jackson Thornton Wealth Management LLC’s holdings in Blue Owl Capital were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in OBDC. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Blue Owl Capital during the second quarter valued at $734,619,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Blue Owl Capital by 222.0% during the first quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company’s stock valued at $236,007,000 after purchasing an additional 11,098,695 shares during the period. Cresset Asset Management LLC boosted its stake in shares of Blue Owl Capital by 85.8% during the first quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company’s stock valued at $123,979,000 after purchasing an additional 3,809,000 shares during the period. Hamilton Lane Advisors LLC purchased a new stake in shares of Blue Owl Capital during the second quarter valued at $48,845,000. Finally, Trustees of Dartmouth College bought a new stake in shares of Blue Owl Capital in the first quarter valued at about $48,774,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on OBDC. Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the company an “outperform” rating in a report on Tuesday, October 7th. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Blue Owl Capital currently has an average rating of “Buy” and an average price target of $15.21.

Blue Owl Capital Stock Up 2.1%

NYSE OBDC opened at $12.97 on Wednesday. The business has a fifty day moving average price of $13.56 and a 200 day moving average price of $14.04. Blue Owl Capital Corporation has a one year low of $12.04 and a one year high of $15.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The company has a market cap of $6.63 billion, a P/E ratio of 8.59 and a beta of 0.75.

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

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.02 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $0.08 annualized dividend and a yield of 0.6%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. Blue Owl Capital’s dividend 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.