Comerica Bank Has $882,000 Position in Blue Owl Capital Corporation $OBDC

Comerica Bank lowered its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 11.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 60,153 shares of the company’s stock after selling 7,980 shares during the quarter. Comerica Bank’s holdings in Blue Owl Capital were worth $882,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of OBDC. AXA S.A. acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $617,000. Ameriprise Financial Inc. grew its holdings in Blue Owl Capital by 5.2% during the fourth quarter. Ameriprise Financial Inc. now owns 4,786,738 shares of the company’s stock valued at $72,361,000 after purchasing an additional 236,467 shares during the period. BNP Paribas Financial Markets acquired a new position in Blue Owl Capital during the fourth quarter valued at approximately $673,000. Baird Financial Group Inc. lifted its stake in Blue Owl Capital by 10.8% in the fourth quarter. Baird Financial Group Inc. now owns 14,555 shares of the company’s stock valued at $220,000 after buying an additional 1,422 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its stake in Blue Owl Capital by 74.7% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 446,877 shares of the company’s stock valued at $6,757,000 after buying an additional 191,051 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $14.32 on Friday. The company’s fifty day simple moving average is $14.42 and its 200-day simple moving average is $14.43. 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 market cap of $7.32 billion, a PE ratio of 9.48 and a beta of 0.76. Blue Owl Capital Corporation has a 12 month low of $12.11 and a 12 month high of $15.73.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The business had revenue of $485.84 million for the quarter, compared to analyst estimates of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. Equities research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Increases Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on OBDC shares. B. Riley started coverage on shares of Blue Owl Capital in a research note on Tuesday, May 13th. They issued a “buy” rating and a $15.00 price target on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $16.00 price target on shares of Blue Owl Capital in a research note on Thursday, May 15th. Finally, LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Blue Owl Capital presently has an average rating of “Buy” and a consensus target price of $15.42.

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.