Texas Yale Capital Corp. Purchases 9,500 Shares of Blue Owl Capital Corporation $OBDC

Texas Yale Capital Corp. lifted its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 74.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 22,280 shares of the company’s stock after acquiring an additional 9,500 shares during the period. Texas Yale Capital Corp.’s holdings in Blue Owl Capital were worth $319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in OBDC. Kingstone Capital Partners Texas LLC purchased a new position in Blue Owl Capital during the second quarter valued at $734,619,000. State of New Jersey Common Pension Fund A purchased a new stake in shares of Blue Owl Capital in the 2nd quarter worth about $218,884,000. Cresset Asset Management LLC increased its stake in shares of Blue Owl Capital by 85.8% in the 1st quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company’s stock worth $123,979,000 after acquiring an additional 3,809,000 shares in the last quarter. Royal Bank of Canada lifted its position in Blue Owl Capital by 3.0% during the 1st quarter. Royal Bank of Canada now owns 7,608,871 shares of the company’s stock valued at $111,546,000 after acquiring an additional 221,571 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Blue Owl Capital by 8.4% during the first quarter. Ameriprise Financial Inc. now owns 5,190,522 shares of the company’s stock worth $76,083,000 after acquiring an additional 403,784 shares in the last quarter. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Up 0.2%

Shares of NYSE:OBDC opened at $12.13 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. Blue Owl Capital Corporation has a 1 year low of $11.94 and a 1 year high of $15.73. The company has a market cap of $6.20 billion, a P/E ratio of 8.60 and a beta of 0.74. The stock’s fifty day moving average price is $13.22 and its 200-day moving average price is $14.00.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). The business had revenue of $453.07 million during the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a return on equity of 10.76% and a net margin of 36.89%. Sell-side analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s payout ratio is presently 98.01%.

Analyst Ratings Changes

A number of equities analysts have weighed in on OBDC shares. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday. Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Citizens Jmp cut their price objective on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday. Finally, Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.94.

Blue Owl Capital Company 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.