LSV Asset Management Reduces Stock Position in Blue Owl Capital Corporation $OBDC

LSV Asset Management lowered its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 14.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,770,947 shares of the company’s stock after selling 468,200 shares during the quarter. LSV Asset Management’s holdings in Blue Owl Capital were worth $34,443,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Evoke Wealth LLC boosted its holdings in Blue Owl Capital by 1,575.4% during the 4th quarter. Evoke Wealth LLC now owns 175,662 shares of the company’s stock valued at $2,248,000 after acquiring an additional 165,177 shares during the period. BlueStem Wealth Partners LLC boosted its holdings in Blue Owl Capital by 2.8% during the 4th quarter. BlueStem Wealth Partners LLC now owns 35,443 shares of the company’s stock valued at $441,000 after acquiring an additional 978 shares during the period. IFP Advisors Inc boosted its holdings in Blue Owl Capital by 62.4% during the 4th quarter. IFP Advisors Inc now owns 3,398 shares of the company’s stock valued at $42,000 after acquiring an additional 1,305 shares during the period. Csenge Advisory Group boosted its holdings in Blue Owl Capital by 2.9% during the 4th quarter. Csenge Advisory Group now owns 55,714 shares of the company’s stock valued at $693,000 after acquiring an additional 1,572 shares during the period. Finally, Elyxium Wealth LLC purchased a new position in Blue Owl Capital during the 4th quarter valued at $95,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on OBDC shares. Truist Financial decreased their target price on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Keefe, Bruyette & Woods decreased their target price on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a research report on Thursday, April 16th. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. 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, Royal Bank Of Canada decreased their target price on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Blue Owl Capital Trading Down 0.1%

OBDC opened at $11.02 on Monday. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 15.74 and a beta of 0.64. 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 stock has a fifty day moving average price of $11.22 and a 200-day moving average price of $11.91.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company had revenue of $391.00 million during the quarter, compared to the consensus estimate of $422.02 million. Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%. As a group, equities research analysts anticipate that Blue Owl Capital Corporation will post 1.27 earnings per share for the current fiscal year.

Blue Owl Capital declared that its Board of Directors has initiated a stock buyback plan on Wednesday, February 18th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Blue Owl Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Blue Owl Capital’s payout ratio is presently 211.43%.

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.