Caz Investments LP Purchases New Position in Blue Owl Capital Corporation $OBDC

Caz Investments LP acquired a new position in shares of Blue Owl Capital Corporation (NYSE:OBDC) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,124,305 shares of the company’s stock, valued at approximately $14,357,000. Blue Owl Capital makes up approximately 26.7% of Caz Investments LP’s investment portfolio, making the stock its biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Melia Wealth LLC grew its stake in shares of Blue Owl Capital by 10.8% during the third quarter. Melia Wealth LLC now owns 1,173,563 shares of the company’s stock worth $14,986,000 after buying an additional 114,731 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in shares of Blue Owl Capital by 168.2% in the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 102,307 shares of the company’s stock valued at $1,236,000 after acquiring an additional 64,159 shares during the last quarter. Family Wealth Partners LLC lifted its stake in shares of Blue Owl Capital by 51.4% in the 3rd quarter. Family Wealth Partners LLC now owns 54,442 shares of the company’s stock valued at $695,000 after acquiring an additional 18,493 shares during the last quarter. BlueStem Wealth Partners LLC boosted its holdings in shares of Blue Owl Capital by 2.5% during the 3rd quarter. BlueStem Wealth Partners LLC now owns 34,465 shares of the company’s stock valued at $440,000 after acquiring an additional 837 shares in the last quarter. Finally, Epiq Partners LLC grew its position in Blue Owl Capital by 8.2% during the 3rd quarter. Epiq Partners LLC now owns 526,643 shares of the company’s stock worth $6,725,000 after acquiring an additional 39,859 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Craig Packer purchased 83,200 shares of the firm’s stock in a transaction on Tuesday, November 18th. The stock was purchased at an average cost of $11.75 per share, with a total value of $977,600.00. Following the completion of the purchase, the chief executive officer owned 41,600 shares in the company, valued at approximately $488,800. This trade represents a -200.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Neena Reddy acquired 7,890 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were bought at an average price of $13.06 per share, for a total transaction of $103,043.40. Following the acquisition, the vice president directly owned 7,890 shares of the company’s stock, valued at approximately $103,043.40. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.11% of the company’s stock.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $12.00 on Friday. The company has a market capitalization of $6.13 billion, a PE ratio of 8.51 and a beta of 0.67. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.25. Blue Owl Capital Corporation has a twelve month low of $11.65 and a twelve month high of $15.73. The firm has a fifty day simple moving average of $12.75 and a 200 day simple moving average of $13.25.

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

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.37 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 12.3%. Blue Owl Capital’s payout ratio is currently 104.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on OBDC shares. Wells Fargo & Company dropped their target price on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. 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 for the company in a report on Wednesday, November 26th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Keefe, Bruyette & Woods decreased their price target on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research report on Monday, November 10th. Finally, Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the stock an “outperform” rating in a report on Tuesday, October 7th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $14.56.

Blue Owl Capital 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.