Blue Owl Capital Corporation $OBDC Stake Boosted by Lunate Capital Ltd

Lunate Capital Ltd increased its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 103.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,444,536 shares of the company’s stock after buying an additional 1,244,292 shares during the quarter. Blue Owl Capital accounts for about 3.6% of Lunate Capital Ltd’s investment portfolio, making the stock its 7th largest position. Lunate Capital Ltd’s holdings in Blue Owl Capital were worth $25,643,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in OBDC. Csenge Advisory Group raised its position in Blue Owl Capital by 8.7% in the third quarter. Csenge Advisory Group now owns 60,397 shares of the company’s stock worth $634,000 after acquiring an additional 4,841 shares during the period. Global Wealth Management Investment Advisory Inc. boosted its stake in shares of Blue Owl Capital by 6.5% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 124,190 shares of the company’s stock worth $1,303,000 after acquiring an additional 7,553 shares during the last quarter. AlphaCore Capital LLC grew its position in shares of Blue Owl Capital by 52.6% during the 3rd quarter. AlphaCore Capital LLC now owns 1,400,280 shares of the company’s stock valued at $15,122,000 after acquiring an additional 482,656 shares during the period. Private Management Group Inc. grew its position in shares of Blue Owl Capital by 3.0% during the 3rd quarter. Private Management Group Inc. now owns 4,177,582 shares of the company’s stock valued at $43,823,000 after acquiring an additional 120,835 shares during the period. Finally, QTR Family Wealth LLC bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at $144,000. 42.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Lucid Cap Mkts raised Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Capital One Financial set a $13.00 price target on Blue Owl Capital in a report on Friday, July 24th. Finally, Raymond James Financial set a $11.00 price target on Blue Owl Capital in a report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.17.

Blue Owl Capital Price Performance

NYSE OBDC opened at $11.15 on Wednesday. Blue Owl Capital Corporation has a 12 month low of $9.81 and a 12 month high of $13.57. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 16.40 and a beta of 0.66. The company’s 50 day moving average is $10.63 and its two-hundred day moving average is $11.11. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.16.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, November 4th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. The business had revenue of $392.06 million for the quarter, compared to the consensus estimate of $383.82 million. Blue Owl Capital had a net margin of 20.79% and a return on equity of 9.40%. As a group, research analysts anticipate that Blue Owl Capital Corporation will post 1.31 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Thursday, December 31st. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.01. Blue Owl Capital’s payout ratio is 182.35%.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a business development company that provides financing to middle-market businesses. It invests primarily in privately held U.S. companies, with a focus on lending and other credit investments. The company’s portfolio includes senior secured loans, unitranche and second-lien loans, and, to a lesser extent, equity investments. Its financing can support companies’ growth, acquisitions, recapitalizations, and other business needs. Originally established as Owl Rock Capital Corporation, the company is externally managed by Blue Owl Credit Advisors, an affiliate of alternative asset manager Blue Owl Capital.