LSV Asset Management Sells 510,700 Shares of Blue Owl Capital Corporation $OBDC

LSV Asset Management reduced its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 13.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,239,147 shares of the company’s stock after selling 510,700 shares during the period. LSV Asset Management owned approximately 0.63% of Blue Owl Capital worth $41,364,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Perigon Wealth Management LLC raised its holdings in shares of Blue Owl Capital by 3.0% during the 3rd quarter. Perigon Wealth Management LLC now owns 30,036 shares of the company’s stock worth $384,000 after buying an additional 876 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Blue Owl Capital by 2.6% in the third quarter. Valeo Financial Advisors LLC now owns 35,638 shares of the company’s stock valued at $455,000 after acquiring an additional 905 shares during the last quarter. NorthRock Partners LLC raised its stake in Blue Owl Capital by 5.4% during the second quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock worth $281,000 after acquiring an additional 975 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in shares of Blue Owl Capital by 2.3% in the third quarter. Avidian Wealth Enterprises LLC now owns 55,155 shares of the company’s stock worth $704,000 after acquiring an additional 1,237 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Blue Owl Capital by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 138,171 shares of the company’s stock valued at $1,981,000 after purchasing an additional 1,432 shares in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Activity

In other news, VP Neena Reddy bought 7,890 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average price of $13.06 per share, with a total value 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 position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig Packer purchased 83,200 shares of the stock in a transaction on Tuesday, November 18th. The shares were purchased at an average price of $11.75 per share, with a total value of $977,600.00. Following the acquisition, the chief executive officer owned 41,600 shares in the company, valued at approximately $488,800. The trade was a -200.00% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.11% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $11.48 on Friday. The company has a market capitalization of $5.86 billion, a price-to-earnings ratio of 8.14 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 $10.70 and a twelve month high of $15.73. The stock has a fifty day simple moving average of $12.42 and a 200 day simple moving average of $13.02.

Wall Street Analysts Forecast Growth

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

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.