MAI Capital Management Sells 8,232 Shares of Blue Owl Capital Corporation $OBDC

MAI Capital Management reduced its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 781,041 shares of the company’s stock after selling 8,232 shares during the quarter. MAI Capital Management’s holdings in Blue Owl Capital were worth $11,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Oregon Public Employees Retirement Fund lifted its holdings in Blue Owl Capital by 222.0% in 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 acquiring an additional 11,098,695 shares during the period. Cresset Asset Management LLC increased its position in shares of Blue Owl Capital by 85.8% during the 1st 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 last quarter. Royal Bank of Canada increased its position in shares of Blue Owl Capital by 9.2% during the 4th quarter. Royal Bank of Canada now owns 7,387,300 shares of the company’s stock valued at $111,696,000 after purchasing an additional 620,521 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Blue Owl Capital by 8.4% during the 1st quarter. Ameriprise Financial Inc. now owns 5,190,522 shares of the company’s stock valued at $76,083,000 after purchasing an additional 403,784 shares during the last quarter. Finally, Brown University increased its position in shares of Blue Owl Capital by 17.9% during the 1st quarter. Brown University now owns 4,348,863 shares of the company’s stock valued at $63,754,000 after purchasing an additional 660,136 shares during the last quarter. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Up 0.8%

NYSE OBDC opened at $14.34 on Monday. The stock’s 50-day moving average price is $14.44 and its 200-day moving average price is $14.46. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. Blue Owl Capital Corporation has a 52 week low of $12.11 and a 52 week high of $15.73. The company has a market capitalization of $7.33 billion, a P/E ratio of 9.49 and a beta of 0.76.

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 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 for the quarter, compared to the consensus estimate of $480.42 million. On average, equities research analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Friday, August 29th. Blue Owl Capital’s dividend payout ratio is 98.01%.

Wall Street Analyst Weigh In

OBDC has been the subject of several research reports. B. Riley initiated coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a “buy” rating and a $15.00 price target for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $16.00 price target on shares of Blue Owl Capital in a research report on Thursday, May 15th. Finally, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $15.42.

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.