Blue Owl Capital Corporation $OBDC Shares Sold by Osaic Holdings Inc.

Osaic Holdings Inc. decreased its position in Blue Owl Capital Corporation (NYSE:OBDC) by 17.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 861,227 shares of the company’s stock after selling 186,707 shares during the period. Osaic Holdings Inc. owned 0.17% of Blue Owl Capital worth $12,350,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. SVB Wealth LLC purchased a new position in Blue Owl Capital in the first quarter worth approximately $28,000. First Horizon Advisors Inc. purchased a new stake in Blue Owl Capital in the second quarter valued at $40,000. Private Trust Co. NA lifted its stake in shares of Blue Owl Capital by 86.6% in the 2nd quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock valued at $45,000 after purchasing an additional 1,449 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Blue Owl Capital by 24,533.3% during the 2nd quarter. Allworth Financial LP now owns 3,695 shares of the company’s stock worth $53,000 after purchasing an additional 3,680 shares during the period. Finally, Bayforest Capital Ltd purchased a new position in shares of Blue Owl Capital during the 1st quarter worth $73,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Insider Activity

In other news, VP Neena Reddy bought 7,890 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were purchased at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the completion of the purchase, the vice president owned 7,890 shares of the company’s stock, valued at approximately $103,043.40. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Craig Packer purchased 83,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was purchased at an average price of $11.75 per share, with a total value of $977,600.00. Following the purchase, the chief executive officer directly owned 41,600 shares of the company’s stock, valued at $488,800. The trade was a -200.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.11% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on OBDC. Raymond James Financial set a $14.00 price objective on shares of Blue Owl Capital and gave the company an “outperform” rating in a report on Tuesday, October 7th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Royal Bank Of Canada lowered their price objective on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Citizens Jmp cut their target price on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, November 7th. Finally, Keefe, Bruyette & Woods lowered their price target on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.56.

Blue Owl Capital Trading Down 0.6%

Shares of OBDC stock opened at $12.63 on Friday. Blue Owl Capital Corporation has a fifty-two week low of $11.65 and a fifty-two week high of $15.73. The company has a 50 day moving average price of $12.78 and a 200 day moving average price of $13.68. The stock has a market capitalization of $6.45 billion, a P/E ratio of 8.95 and a beta of 0.65. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 0.72.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). The business had revenue of $453.07 million during the quarter, compared to analysts’ expectations of $466.81 million. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. Equities research analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 11.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s payout ratio is presently 104.96%.

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.