Hsbc Holdings PLC Acquires Shares of 79,600 Blue Owl Capital Corporation $OBDC

Hsbc Holdings PLC acquired a new stake in Blue Owl Capital Corporation (NYSE:OBDC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 79,600 shares of the company’s stock, valued at approximately $989,000.

A number of other institutional investors have also bought and sold shares of the business. IFP Advisors Inc grew its position in shares of Blue Owl Capital by 79.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after purchasing an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of Blue Owl Capital by 166.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after purchasing an additional 1,320 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Blue Owl Capital during the third quarter worth approximately $30,000. AG Campbell Advisory LLC purchased a new position in Blue Owl Capital during the fourth quarter worth approximately $36,000. Finally, FNY Investment Advisers LLC acquired a new position in Blue Owl Capital during the fourth quarter worth $44,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Down 0.8%

OBDC stock opened at $10.88 on Tuesday. Blue Owl Capital Corporation has a one year low of $10.52 and a one year high of $15.19. The firm has a market cap of $5.40 billion, a PE ratio of 15.54 and a beta of 0.62. The firm’s 50 day moving average price is $11.07 and its 200-day moving average price is $11.47. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.24 and a current ratio of 1.24.

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

Blue Owl Capital Cuts Dividend

The firm 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 dividend yield of 11.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 177.14%.

Analyst Ratings Changes

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

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.