Muzinich & Co. Inc. Boosts Stake in Blue Owl Capital Corporation $OBDC

Muzinich & Co. Inc. boosted its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 34.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,951,061 shares of the company’s stock after purchasing an additional 495,628 shares during the quarter. Blue Owl Capital comprises about 9.6% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 2nd largest holding. Muzinich & Co. Inc. owned about 0.38% of Blue Owl Capital worth $24,915,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC grew its position in shares of Blue Owl Capital by 3.0% during the 3rd quarter. Perigon Wealth Management LLC now owns 30,036 shares of the company’s stock worth $384,000 after buying an additional 876 shares during the period. Farther Finance Advisors LLC raised its position in shares of Blue Owl Capital by 196.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 37,278 shares of the company’s stock valued at $476,000 after acquiring an additional 24,699 shares during the period. Prairiewood Capital LLC boosted its stake in Blue Owl Capital by 16.4% during the 3rd quarter. Prairiewood Capital LLC now owns 374,121 shares of the company’s stock worth $4,778,000 after acquiring an additional 52,753 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in Blue Owl Capital by 105.4% during the third quarter. Exchange Traded Concepts LLC now owns 60,629 shares of the company’s stock valued at $774,000 after purchasing an additional 31,114 shares during the period. Finally, Spinnaker Investment Group LLC acquired a new position in Blue Owl Capital during the third quarter valued at approximately $182,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Insider Buying and Selling

In related news, CEO Craig Packer purchased 83,200 shares of Blue Owl Capital stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average price of $11.75 per share, with a total value of $977,600.00. Following the completion of the transaction, the chief executive officer directly owned 41,600 shares of the company’s stock, valued at $488,800. This represents a -200.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Neena Reddy acquired 7,890 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average price of $13.06 per share, with a total value of $103,043.40. Following the completion of the transaction, the vice president owned 7,890 shares in the company, valued at $103,043.40. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.11% of the stock is currently owned by insiders.

Blue Owl Capital Stock Down 0.4%

Shares of Blue Owl Capital stock opened at $12.68 on Tuesday. The firm has a market cap of $6.48 billion, a PE ratio of 8.99 and a beta of 0.65. The business’s 50 day simple moving average is $12.77 and its 200 day simple moving average is $13.58. 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 Corporation has a 52-week low of $11.65 and a 52-week high of $15.73.

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

Blue Owl Capital Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have weighed in on OBDC shares. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the company an “outperform” rating in a research note on Tuesday, October 7th. Royal Bank Of Canada lowered their price target on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Keefe, Bruyette & Woods cut their price objective on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a report on Monday, November 10th. Finally, Wells Fargo & Company lowered their target price on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.56.

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.