Turtle Creek Wealth Advisors LLC Sells 153,789 Shares of Blue Owl Capital Corporation $OBDC

Turtle Creek Wealth Advisors LLC trimmed its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 83.7% in the second quarter, HoldingsChannel reports. The firm owned 29,964 shares of the company’s stock after selling 153,789 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Blue Owl Capital were worth $430,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Golden State Equity Partners boosted its position in Blue Owl Capital by 1.7% during the first quarter. Golden State Equity Partners now owns 45,680 shares of the company’s stock worth $670,000 after purchasing an additional 742 shares during the period. BlueStem Wealth Partners LLC boosted its position in Blue Owl Capital by 2.5% during the first quarter. BlueStem Wealth Partners LLC now owns 32,741 shares of the company’s stock worth $480,000 after purchasing an additional 784 shares during the period. Flagship Harbor Advisors LLC boosted its position in Blue Owl Capital by 6.1% during the first quarter. Flagship Harbor Advisors LLC now owns 13,930 shares of the company’s stock worth $204,000 after purchasing an additional 798 shares during the period. NorthRock Partners LLC boosted its position in Blue Owl Capital by 5.4% during the second quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock worth $281,000 after purchasing an additional 975 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in Blue Owl Capital by 2.7% during the first quarter. Avantax Advisory Services Inc. now owns 37,392 shares of the company’s stock worth $548,000 after purchasing an additional 996 shares during the period. 42.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

OBDC has been the subject of a number of research reports. LADENBURG THALM/SH SH raised Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. 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. Three investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $15.21.

Blue Owl Capital Stock Down 2.5%

OBDC opened at $12.55 on Friday. Blue Owl Capital Corporation has a fifty-two week low of $12.04 and a fifty-two week 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 capitalization of $6.41 billion, a P/E ratio of 8.31 and a beta of 0.75. The stock has a fifty day moving average of $13.65 and a 200-day moving average of $14.07.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. On average, equities 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 declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.6%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Friday, August 29th. Blue Owl Capital’s payout ratio is presently 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.