Strs Ohio Purchases 8,802,373 Shares of Blue Owl Capital Corporation $OBDC

Strs Ohio grew its position in Blue Owl Capital Corporation (NYSE:OBDC) by 411.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 10,941,976 shares of the company’s stock after buying an additional 8,802,373 shares during the period. Strs Ohio owned approximately 2.20% of Blue Owl Capital worth $121,018,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lalia Capital LLC purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $37,991,000. UBS Group AG boosted its stake in Blue Owl Capital by 40.6% during the 4th quarter. UBS Group AG now owns 8,528,672 shares of the company’s stock valued at $106,011,000 after purchasing an additional 2,463,080 shares during the last quarter. Private Management Group Inc. purchased a new stake in Blue Owl Capital during the 4th quarter valued at $27,012,000. Wells Fargo & Company MN increased its holdings in shares of Blue Owl Capital by 142.6% in the 4th quarter. Wells Fargo & Company MN now owns 3,440,960 shares of the company’s stock worth $42,771,000 after purchasing an additional 2,022,806 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Blue Owl Capital in the 3rd quarter worth $25,266,000. Institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on OBDC shares. Truist Financial lowered their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Keefe, Bruyette & Woods reduced their price objective on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a report on Thursday, April 16th. Wells Fargo & Company decreased their target price on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Blue Owl Capital Trading Up 0.1%

NYSE:OBDC opened at $10.81 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. Blue Owl Capital Corporation has a 12 month low of $10.52 and a 12 month high of $15.19. The company has a market cap of $5.37 billion, a PE ratio of 15.45 and a beta of 0.62. The company has a 50 day simple moving average of $11.14 and a two-hundred day simple moving average of $11.57.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $391.00 million for the quarter, compared to analysts’ expectations of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. Research analysts forecast that Blue Owl Capital Corporation will post 1.27 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 11.5%. The ex-dividend date is Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio is 177.14%.

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.