Oregon Public Employees Retirement Fund Cuts Position in Blue Owl Capital Corporation $OBDC

Oregon Public Employees Retirement Fund cut its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 5.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,000,000 shares of the company’s stock after selling 853,675 shares during the period. Blue Owl Capital comprises approximately 2.5% of Oregon Public Employees Retirement Fund’s investment portfolio, making the stock its 5th biggest holding. Oregon Public Employees Retirement Fund’s holdings in Blue Owl Capital were worth $191,550,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in OBDC. Perigon Wealth Management LLC increased its stake 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 buying an additional 876 shares during the last quarter. NorthRock Partners LLC grew its holdings in shares of Blue Owl Capital by 5.4% in the 2nd quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock valued at $281,000 after acquiring an additional 975 shares in the last quarter. Pallas Capital Advisors LLC grew its holdings in shares of Blue Owl Capital by 3.3% in the 2nd 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 in the last quarter. MAS Advisors LLC increased its position in shares of 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. raised its holdings in Blue Owl Capital by 1.0% during 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 in the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on OBDC shares. Keefe, Bruyette & Woods decreased 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 note on Monday, November 10th. Royal Bank Of Canada decreased their target price on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Citizens Jmp dropped their price target 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. Wells Fargo & Company cut their price target on shares of 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. Finally, Raymond James Financial set a $14.00 price objective on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus price target of $14.56.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $12.63 on Friday. The firm has a market cap of $6.45 billion, a P/E ratio of 8.95 and a beta of 0.67. The business’s 50 day moving average is $12.69 and its 200-day moving average is $13.48. 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 Corporation has a 1-year low of $11.65 and a 1-year high of $15.73.

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

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders 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 yield of 11.7%. Blue Owl Capital’s payout ratio is 104.96%.

Insider Transactions at Blue Owl Capital

In other Blue Owl Capital news, VP Neena Reddy purchased 7,890 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was bought at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the completion of the transaction, the vice president owned 7,890 shares in the company, valued at approximately $103,043.40. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Craig Packer purchased 83,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was bought at an average price of $11.75 per share, with a total value of $977,600.00. Following the completion of the purchase, the chief executive officer owned 41,600 shares of the company’s stock, valued at $488,800. This trade represents a -200.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.11% of the company’s stock.

Blue Owl Capital 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.