Blue Owl Capital (NYSE:OBDC) Director Purchases 1,000 Shares of Stock

Blue Owl Capital Corporation (NYSE:OBDC) Director Eric Kaye bought 1,000 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was bought at an average price of $11.34 per share, with a total value of $11,340.00. Following the acquisition, the director owned 22,144 shares in the company, valued at approximately $251,112.96. This trade represents a 4.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Blue Owl Capital Trading Up 2.2%

Shares of NYSE OBDC traded up $0.25 during trading hours on Monday, hitting $11.55. 6,311,367 shares of the company traded hands, compared to its average volume of 4,828,157. The company’s 50 day moving average price is $11.08 and its 200 day moving average price is $11.21. Blue Owl Capital Corporation has a 12 month low of $10.52 and a 12 month high of $14.44. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 20.62 and a beta of 0.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $396.00 million during the quarter, compared to the consensus estimate of $394.23 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.During the same period last year, the company earned $0.40 earnings per share. On average, equities research analysts anticipate that Blue Owl Capital Corporation will post 1.29 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.24 annualized dividend and a dividend yield of 10.7%. Blue Owl Capital’s dividend payout ratio is currently 14.29%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OBDC. Caz Investments LP lifted its holdings in Blue Owl Capital by 45.3% during the 2nd quarter. Caz Investments LP now owns 1,633,305 shares of the company’s stock valued at $17,754,000 after buying an additional 509,000 shares in the last quarter. California State Teachers Retirement System grew its stake in Blue Owl Capital by 987.0% in the 2nd quarter. California State Teachers Retirement System now owns 178,765,063 shares of the company’s stock worth $1,943,176,000 after acquiring an additional 162,319,335 shares in the last quarter. VPR Management LLC increased its position in shares of Blue Owl Capital by 2.0% during the second quarter. VPR Management LLC now owns 52,407 shares of the company’s stock worth $570,000 after acquiring an additional 1,046 shares during the period. Wedmont Private Capital increased its position in shares of Blue Owl Capital by 64.9% during the second quarter. Wedmont Private Capital now owns 23,818 shares of the company’s stock worth $261,000 after acquiring an additional 9,376 shares during the period. Finally, HB Wealth Management LLC raised its stake in shares of Blue Owl Capital by 5.6% during the second quarter. HB Wealth Management LLC now owns 335,367 shares of the company’s stock valued at $3,645,000 after acquiring an additional 17,832 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on OBDC shares. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Capital One Financial set a $13.00 price objective on shares of Blue Owl Capital in a research report on Friday, July 24th. Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Lucid Cap Mkts upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Friday, July 24th. Finally, Truist Financial cut their target price on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. One 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. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average target price of $13.00.

About Blue Owl Capital

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.