69,839 Blue Owl Capital Corporation $OBDC Shares Acquired by TT Capital Management LLC

TT Capital Management LLC raised its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 20.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 418,900 shares of the company’s stock after buying an additional 69,839 shares during the period. Blue Owl Capital comprises approximately 2.2% of TT Capital Management LLC’s portfolio, making the stock its 8th largest position. TT Capital Management LLC owned about 0.08% of Blue Owl Capital worth $4,394,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. FNY Investment Advisers LLC boosted its holdings in Blue Owl Capital by 440.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock valued at $29,000 after acquiring an additional 2,200 shares during the period. AG Campbell Advisory LLC purchased a new position in Blue Owl Capital in the 4th quarter worth approximately $36,000. Caitong International Asset Management Co. Ltd increased its stake in Blue Owl Capital by 51.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,208 shares of the company’s stock worth $40,000 after purchasing an additional 1,093 shares during the period. EverSource Wealth Advisors LLC lifted its position 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 purchasing an additional 4,134 shares during the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Blue Owl Capital in the first quarter valued at approximately $96,000. 42.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

OBDC has been the topic of several recent analyst reports. Capital One Financial set a $13.00 target price on shares of Blue Owl Capital in a report on Friday, July 24th. Wall Street Zen upgraded shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Lucid Cap Mkts upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.83.

Blue Owl Capital Trading Up 2.0%

Shares of Blue Owl Capital stock traded up $0.20 during midday trading on Thursday, reaching $10.30. 2,799,338 shares of the company’s stock traded hands, compared to its average volume of 4,606,270. The stock has a 50 day moving average of $11.04 and a 200-day moving average of $11.07. Blue Owl Capital Corporation has a 12 month low of $9.81 and a 12 month high of $13.57. The company has a market cap of $5.08 billion, a PE ratio of 18.40 and a beta of 0.64. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. The business had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $394.23 million. During the same quarter in the previous year, the business posted $0.40 earnings per share. As a group, equities analysts expect that Blue Owl Capital Corporation will post 1.29 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.24 annualized dividend and a dividend yield of 12.0%. Blue Owl Capital’s dividend payout ratio is currently 221.43%.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company that provides financing to middle-market companies. The company invests primarily in privately held businesses through senior secured loans, including first-lien and unitranche loans, as well as second-lien debt, subordinated debt and equity investments.

OBDC’s investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses that may have limited access to traditional financing sources.

The company was formed as Owl Rock Capital Corporation and began operations in 2016.