Oregon Public Employees Retirement Fund Sells 4,568,973 Shares of Blue Owl Capital Corporation $OBDC

Oregon Public Employees Retirement Fund decreased its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 31.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,000,000 shares of the company’s stock after selling 4,568,973 shares during the quarter. Blue Owl Capital accounts for approximately 1.1% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 15th largest holding. Oregon Public Employees Retirement Fund owned 2.03% of Blue Owl Capital worth $104,900,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in OBDC. FNY Investment Advisers LLC boosted its holdings in Blue Owl Capital by 440.0% during the second quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock worth $29,000 after buying an additional 2,200 shares in the last quarter. Latitude Advisors LLC purchased a new position in Blue Owl Capital in the third quarter valued at $42,000. EverSource Wealth Advisors LLC increased its holdings in Blue Owl Capital by 102.7% in the first quarter. EverSource Wealth Advisors LLC now owns 8,159 shares of the company’s stock valued at $90,000 after buying an additional 4,134 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in Blue Owl Capital in the first quarter valued at $96,000. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of Blue Owl Capital in the second quarter worth about $96,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Raymond James Financial set a $11.00 target price on shares of Blue Owl Capital in a research note on Thursday, October 22nd. Capital One Financial set a $13.00 target price on Blue Owl Capital in a research report on Friday, July 24th. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Lucid Cap Mkts raised Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.57.

Blue Owl Capital Trading Down 0.7%

Shares of NYSE:OBDC opened at $10.48 on Wednesday. Blue Owl Capital Corporation has a 1 year low of $9.81 and a 1 year high of $13.57. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 18.72 and a beta of 0.66. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50 day moving average price is $10.67 and its 200-day moving average price is $11.15.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The company had revenue of $396.00 million during the quarter, compared to analyst estimates of $394.23 million. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. During the same quarter in the previous year, the firm earned $0.40 EPS. On average, equities research analysts forecast that Blue Owl Capital Corporation will post 1.30 earnings per share for the current fiscal year.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.