Blue Owl Capital Corporation $OBDC Shares Purchased by Pettinga Financial Advisors LLC

Pettinga Financial Advisors LLC lifted its position in Blue Owl Capital Corporation (NYSE:OBDC) by 139.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 193,148 shares of the company’s stock after purchasing an additional 112,509 shares during the quarter. Pettinga Financial Advisors LLC’s holdings in Blue Owl Capital were worth $2,467,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC boosted its holdings in Blue Owl Capital by 3.0% in the 3rd quarter. Perigon Wealth Management LLC now owns 30,036 shares of the company’s stock valued at $384,000 after purchasing an additional 876 shares during the last quarter. NorthRock Partners LLC raised its position in shares of Blue Owl Capital by 5.4% during the 2nd quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock valued at $281,000 after buying an additional 975 shares during the period. Pallas Capital Advisors LLC lifted its holdings in Blue Owl Capital by 3.3% in the second quarter. Pallas Capital Advisors LLC now owns 34,566 shares of the company’s stock valued at $496,000 after acquiring an additional 1,103 shares during the last quarter. MAS Advisors LLC lifted its holdings in Blue Owl Capital by 4.1% in the second quarter. MAS Advisors LLC now owns 28,173 shares of the company’s stock valued at $404,000 after acquiring an additional 1,110 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Blue Owl Capital by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 138,171 shares of the company’s stock worth $1,981,000 after acquiring an additional 1,432 shares during the period. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Price Performance

OBDC opened at $12.55 on Friday. The stock’s 50-day moving average price is $12.73 and its 200 day moving average price is $13.53. Blue Owl Capital Corporation has a 12-month low of $11.65 and a 12-month high of $15.73. The firm has a market cap of $6.42 billion, a price-to-earnings ratio of 8.90 and a beta of 0.67. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25.

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

Blue Owl Capital Announces Dividend

The firm 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 11.8%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio is presently 104.96%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on OBDC shares. Zacks Research downgraded Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Citizens Jmp decreased their target price on shares of 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. Keefe, Bruyette & Woods lowered their target price on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research note on Monday, November 10th. Finally, Wells Fargo & Company reduced their price target on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock 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 given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $14.56.

Insider Buying and Selling

In related news, CEO Craig Packer acquired 83,200 shares of the business’s stock in a transaction dated 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 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. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Neena Reddy acquired 7,890 shares of Blue Owl Capital stock in a transaction dated Wednesday, November 26th. The stock was bought at an average price 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 position. The disclosure for this purchase is available in the SEC filing. 0.11% of the stock is owned by corporate insiders.

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.