Griffin Asset Management Inc. Has $213,000 Stock Position in Blue Owl Capital Corporation $OBDC

Griffin Asset Management Inc. trimmed its position in Blue Owl Capital Corporation (NYSE:OBDC) by 10.2% in the second quarter, Holdings Channel.com reports. The firm owned 14,821 shares of the company’s stock after selling 1,692 shares during the period. Griffin Asset Management Inc.’s holdings in Blue Owl Capital were worth $213,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $28,000. Zions Bancorporation National Association UT acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $59,000. Caitong International Asset Management Co. Ltd acquired a new stake in Blue Owl Capital during the 1st quarter worth $61,000. Bayforest Capital Ltd acquired a new stake in Blue Owl Capital during the 1st quarter worth $73,000. Finally, Cary Street Partners Investment Advisory LLC grew its holdings in Blue Owl Capital by 23.4% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 5,803 shares of the company’s stock worth $85,000 after acquiring an additional 1,100 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OBDC has been the subject of a number of analyst reports. Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Friday, August 8th. Three equities research 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.com, the company currently has an average rating of “Buy” and an average target price of $15.21.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $12.51 on Tuesday. Blue Owl Capital Corporation has a 12-month low of $12.04 and a 12-month high of $15.73. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 8.28 and a beta of 0.75. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.20. The firm has a fifty day moving average of $13.73 and a 200-day moving average of $14.10.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $480.42 million. On average, equities research analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.02 dividend. The ex-dividend date was Friday, August 29th. This represents a $0.08 annualized dividend and a dividend yield of 0.6%. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.01. Blue Owl Capital’s payout ratio is presently 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.