Blue Owl Capital Corporation $OBDC Shares Newly Acquired by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC bought a new stake in Blue Owl Capital Corporation (NYSE:OBDC) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 64,330 shares of the company’s stock, valued at approximately $675,000.

A number of other large investors have also recently made changes to their positions in the company. FNY Investment Advisers LLC grew its stake in Blue Owl Capital by 440.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock worth $29,000 after buying an additional 2,200 shares during the last quarter. Latitude Advisors LLC acquired a new stake in shares of Blue Owl Capital in the third quarter valued at approximately $42,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Blue Owl Capital by 102.7% in the first quarter. EverSource Wealth Advisors LLC now owns 8,159 shares of the company’s stock valued at $90,000 after acquiring an additional 4,134 shares during the period. Catalyst Capital Advisors LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at approximately $96,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in shares of Blue Owl Capital during the second quarter worth approximately $96,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Raymond James Financial set a $11.00 price target on shares of Blue Owl Capital in a research note on Thursday, October 22nd. Lucid Cap Mkts raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Friday, July 24th. Finally, Capital One Financial set a $13.00 price objective on shares of Blue Owl Capital in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.57.

Blue Owl Capital Stock Performance

OBDC opened at $10.38 on Friday. The stock has a market cap of $5.12 billion, a P/E ratio of 18.54 and a beta of 0.64. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The stock’s 50 day simple moving average is $10.70 and its 200 day simple moving average is $11.17. Blue Owl Capital Corporation has a 1-year low of $9.81 and a 1-year high of $13.57.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The firm had revenue of $396.00 million during the quarter, compared to the consensus estimate of $394.23 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%. During the same period last year, the business posted $0.40 EPS. As a group, equities analysts anticipate that Blue Owl Capital Corporation will post 1.30 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.24 annualized dividend and a yield of 11.9%. Blue Owl Capital’s dividend payout ratio is 221.43%.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.