Private Trust Co. NA Acquires 1,449 Shares of Blue Owl Capital Corporation $OBDC

Private Trust Co. NA raised its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 86.6% during the second quarter, HoldingsChannel.com reports. The fund owned 3,123 shares of the company’s stock after purchasing an additional 1,449 shares during the period. Private Trust Co. NA’s holdings in Blue Owl Capital were worth $45,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. BlueStem Wealth Partners LLC grew its position in Blue Owl Capital by 2.5% in the first quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company’s stock valued at $480,000 after acquiring an additional 784 shares during the last quarter. Flagship Harbor Advisors LLC grew its position in Blue Owl Capital by 6.1% in the first quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company’s stock valued at $204,000 after acquiring an additional 798 shares during the last quarter. NorthRock Partners LLC grew its position in Blue Owl Capital by 5.4% in the second quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock valued at $281,000 after acquiring an additional 975 shares during the last quarter. Avantax Advisory Services Inc. grew its position in Blue Owl Capital by 2.7% in the first quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company’s stock valued at $548,000 after acquiring an additional 996 shares during the last quarter. Finally, Essex Financial Services Inc. boosted its stake in shares of Blue Owl Capital by 3.3% during the first quarter. Essex Financial Services Inc. now owns 31,300 shares of the company’s stock valued at $459,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Price Performance

Blue Owl Capital stock opened at $13.04 on Friday. The stock’s 50 day moving average is $13.49 and its 200 day moving average is $14.04. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. The firm has a market cap of $6.66 billion, a P/E ratio of 8.63 and a beta of 0.75. Blue Owl Capital Corporation has a one year low of $12.04 and a one year high of $15.73.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The company had revenue of $485.84 million for the quarter, compared to analyst estimates of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. As a group, research 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 paid a $0.02 dividend. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital’s payout ratio is presently 98.01%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Zacks Research lowered Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday. LADENBURG THALM/SH SH raised Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Raymond James Financial set a $14.00 price target on Blue Owl Capital and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $15.21.

About Blue Owl Capital

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.