Janney Montgomery Scott LLC Boosts Stock Position in Blue Owl Capital Corporation $OBDC

Janney Montgomery Scott LLC grew its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 8.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,011,090 shares of the company’s stock after purchasing an additional 161,988 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.40% of Blue Owl Capital worth $22,243,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of OBDC. IFP Advisors Inc grew its position in Blue Owl Capital by 79.6% during the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after acquiring an additional 929 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Blue Owl Capital by 166.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $27,000 after acquiring an additional 1,320 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Blue Owl Capital in the 3rd quarter valued at $30,000. AG Campbell Advisory LLC bought a new position in shares of Blue Owl Capital during the 4th quarter valued at $36,000. Finally, FNY Investment Advisers LLC bought a new position in shares of Blue Owl Capital during the 4th quarter valued at $44,000. Institutional investors own 42.83% of the company’s stock.

Analysts Set New Price Targets

OBDC has been the subject of several recent research reports. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Keefe, Bruyette & Woods decreased their price objective on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Truist Financial lowered their target price on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Finally, Wells Fargo & Company dropped their target price on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Blue Owl Capital Price Performance

OBDC stock opened at $10.86 on Wednesday. The firm’s 50-day moving average price is $11.18 and its two-hundred day moving average price is $11.60. Blue Owl Capital Corporation has a 12-month low of $10.52 and a 12-month high of $15.19. The stock has a market capitalization of $5.39 billion, a price-to-earnings ratio of 15.51 and a beta of 0.62. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The firm had revenue of $391.00 million for the quarter, compared to analysts’ expectations of $422.02 million. Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%. As a group, equities analysts predict that Blue Owl Capital Corporation will post 1.27 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.24 annualized dividend and a dividend yield of 11.4%. Blue Owl Capital’s payout ratio is 211.43%.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.