Whittier Trust Co. of Nevada Inc. Invests $1.67 Million in Blue Owl Capital Corporation $OBDC

Whittier Trust Co. of Nevada Inc. acquired a new stake in Blue Owl Capital Corporation (NYSE:OBDC) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 132,000 shares of the company’s stock, valued at approximately $1,671,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings in Blue Owl Capital by 25.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock valued at $28,211,000 after purchasing an additional 384,641 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Blue Owl Capital during the first quarter worth $6,641,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Blue Owl Capital by 17.4% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,181 shares of the company’s stock valued at $910,000 after purchasing an additional 9,204 shares during the period. Eagle Global Advisors LLC lifted its position in Blue Owl Capital by 82.0% during the second quarter. Eagle Global Advisors LLC now owns 61,230 shares of the company’s stock worth $878,000 after buying an additional 27,585 shares during the period. Finally, Sterneck Capital Management LLC boosted its stake in Blue Owl Capital by 36.4% in the 2nd quarter. Sterneck Capital Management LLC now owns 21,221 shares of the company’s stock worth $304,000 after buying an additional 5,660 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Citizens Jmp decreased their target price on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, November 7th. Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the company an “outperform” rating in a report on Tuesday, October 7th. Keefe, Bruyette & Woods decreased their price target on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a report on Monday, November 10th. Royal Bank Of Canada dropped their price objective on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Finally, Zacks Research cut shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.56.

Insider Buying and Selling

In related news, VP Neena Reddy purchased 7,890 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the transaction, the vice president owned 7,890 shares of the company’s stock, valued at $103,043.40. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Craig Packer acquired 83,200 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $11.75 per share, with a total value of $977,600.00. Following the transaction, the chief executive officer directly owned 41,600 shares in the company, valued at approximately $488,800. This trade represents a -200.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.11% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $12.50 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $6.39 billion, a price-to-earnings ratio of 8.86 and a beta of 0.67. Blue Owl Capital Corporation has a twelve month low of $11.65 and a twelve month high of $15.73. The business has a 50 day simple moving average of $12.74 and a 200-day simple moving average of $13.32.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The business had revenue of $453.07 million during the quarter, compared to analyst estimates of $466.81 million. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%. As a group, equities research analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 11.8%. Blue Owl Capital’s dividend payout ratio (DPR) is currently 104.96%.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE: OBDC) is a publicly traded business development company sponsored by Blue Owl Capital, a global alternative asset manager. Launched in 2020, the firm provides customized financing solutions to middle-market companies across various industries. As an externally managed BDC, Blue Owl Capital Corporation leverages the deep credit‐investment capabilities of its sponsor to deliver flexible capital tailored to the needs of growing businesses.

The company’s investment activities span a range of private credit products, including first‐lien senior secured loans, unitranche facilities, second‐lien financings, mezzanine debt, and minority equity co-investments.