Denali Advisors LLC Has $9.04 Million Stock Holdings in Blue Owl Capital Corporation $OBDC

Denali Advisors LLC lessened its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 2.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 630,218 shares of the company’s stock after selling 15,441 shares during the quarter. Blue Owl Capital makes up 0.9% of Denali Advisors LLC’s holdings, making the stock its 18th largest position. Denali Advisors LLC’s holdings in Blue Owl Capital were worth $9,037,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in OBDC. SVB Wealth LLC acquired a new position in Blue Owl Capital in the 1st quarter valued at approximately $28,000. Private Trust Co. NA increased its stake in shares of Blue Owl Capital by 86.6% during the 2nd quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock worth $45,000 after purchasing an additional 1,449 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of Blue Owl Capital during the 1st quarter worth $59,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Blue Owl Capital during the 1st quarter worth $61,000. Finally, Bayforest Capital Ltd acquired a new position in shares of Blue Owl Capital during the 1st quarter worth $73,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $15.21.

Blue Owl Capital Price Performance

NYSE OBDC opened at $12.97 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. Blue Owl Capital Corporation has a 1 year low of $12.04 and a 1 year high of $15.73. The company has a fifty day simple moving average of $13.56 and a 200 day simple moving average of $14.04. The company has a market cap of $6.63 billion, a P/E ratio of 8.59 and a beta of 0.75.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.01. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. The firm had revenue of $485.84 million during the quarter, compared to the consensus estimate of $480.42 million. On average, sell-side analysts predict 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. Shareholders of record on Friday, August 29th were issued a $0.02 dividend. 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. This represents a $0.08 dividend on an annualized basis and a yield of 0.6%. Blue Owl Capital’s payout ratio is currently 98.01%.

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.