MQS Management LLC Invests $899,000 in Blue Owl Capital Corporation $OBDC

MQS Management LLC bought a new stake in Blue Owl Capital Corporation (NYSE:OBDC) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 70,437 shares of the company’s stock, valued at approximately $899,000. Blue Owl Capital comprises 0.5% of MQS Management LLC’s investment portfolio, making the stock its 14th biggest position.

Other large investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Blue Owl Capital during the 1st quarter worth $6,641,000. Blair William & Co. IL lifted its holdings in shares of Blue Owl Capital by 14.4% during the second quarter. Blair William & Co. IL now owns 51,674 shares of the company’s stock worth $741,000 after buying an additional 6,500 shares in the last quarter. Callan Family Office LLC bought a new stake in shares of Blue Owl Capital in the second quarter valued at about $325,000. Finally, Aberdeen Group plc grew its stake in shares of Blue Owl Capital by 4.0% in the second quarter. Aberdeen Group plc now owns 202,091 shares of the company’s stock valued at $2,893,000 after acquiring an additional 7,696 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a research report on Monday, November 10th. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Citizens Jmp reduced their price target on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, November 7th. Wells Fargo & Company lowered their price objective on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Finally, Royal Bank Of Canada cut their target price on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.21.

Blue Owl Capital Stock Performance

Shares of NYSE:OBDC opened at $11.93 on Wednesday. Blue Owl Capital Corporation has a 1 year low of $10.70 and a 1 year high of $15.73. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 8.46 and a beta of 0.67. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. The company’s 50 day simple moving average is $12.52 and its 200 day simple moving average is $13.06.

Insiders Place Their Bets

In other Blue Owl Capital news, VP Neena Reddy purchased 7,890 shares of the firm’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 purchase, the vice president owned 7,890 shares in the company, valued at approximately $103,043.40. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Craig Packer purchased 83,200 shares of the stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of $11.75 per share, with a total value of $977,600.00. Following the acquisition, the chief executive officer directly owned 41,600 shares in the company, valued at $488,800. This represents a -200.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.11% of the company’s stock.

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.