Mirador Capital Partners LP Acquires 3,243 Shares of Blue Owl Capital Co. (NYSE:OBDC)

Mirador Capital Partners LP grew its holdings in Blue Owl Capital Co. (NYSE:OBDC) by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,182 shares of the company’s stock after buying an additional 3,243 shares during the period. Mirador Capital Partners LP’s holdings in Blue Owl Capital were worth $418,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SteelPeak Wealth LLC bought a new stake in shares of Blue Owl Capital during the 1st quarter worth about $314,000. Register Financial Advisors LLC grew its position in shares of Blue Owl Capital by 135.6% in the first quarter. Register Financial Advisors LLC now owns 10,172 shares of the company’s stock valued at $156,000 after purchasing an additional 5,855 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Blue Owl Capital during the first quarter worth approximately $787,000. Epiq Partners LLC acquired a new stake in Blue Owl Capital during the 1st quarter worth approximately $4,123,000. Finally, Wealthcare Advisory Partners LLC boosted its stake in Blue Owl Capital by 3.8% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 24,795 shares of the company’s stock valued at $381,000 after purchasing an additional 910 shares during the period. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Price Performance

Shares of OBDC stock opened at $15.40 on Tuesday. The business has a fifty day simple moving average of $16.16 and a 200 day simple moving average of $15.48. The company has a market cap of $6.00 billion, a P/E ratio of 7.78 and a beta of 0.88. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.14. Blue Owl Capital Co. has a twelve month low of $12.99 and a twelve month high of $16.91.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, May 8th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.01). The company had revenue of $399.58 million during the quarter, compared to the consensus estimate of $399.16 million. Blue Owl Capital had a return on equity of 12.64% and a net margin of 48.25%. On average, sell-side analysts forecast that Blue Owl Capital Co. will post 1.88 EPS for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.05 per share. The ex-dividend date was Friday, May 31st. This represents a dividend yield of 10%. Blue Owl Capital’s payout ratio is presently 74.75%.

Analysts Set New Price Targets

Several research analysts have weighed in on OBDC shares. JMP Securities reiterated a “market outperform” rating and set a $16.00 price objective on shares of Blue Owl Capital in a research report on Tuesday, March 26th. Hovde Group boosted their price objective on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Royal Bank of Canada lifted their price target on shares of Blue Owl Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Truist Financial increased their price target on Blue Owl Capital from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Monday, May 13th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of Blue Owl Capital in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average price target of $16.19.

About Blue Owl Capital

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.