Epiq Partners LLC Buys 135,546 Shares of Blue Owl Capital Corporation $OBDC

Epiq Partners LLC lifted its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 25.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 662,189 shares of the company’s stock after purchasing an additional 135,546 shares during the quarter. Blue Owl Capital accounts for about 3.8% of Epiq Partners LLC’s portfolio, making the stock its 5th largest position. Epiq Partners LLC owned about 0.13% of Blue Owl Capital worth $8,231,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC bought a new stake in shares of Blue Owl Capital during the fourth quarter worth $142,000. Allworth Financial LP lifted its stake in shares of Blue Owl Capital by 48.7% in the 3rd quarter. Allworth Financial LP now owns 5,496 shares of the company’s stock valued at $70,000 after acquiring an additional 1,801 shares during the last quarter. IFP Advisors Inc boosted its holdings in shares of Blue Owl Capital by 79.6% during the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after acquiring an additional 929 shares in the last quarter. Trust Investment Advisors boosted its holdings in shares of Blue Owl Capital by 1.5% during the 3rd quarter. Trust Investment Advisors now owns 59,912 shares of the company’s stock valued at $765,000 after acquiring an additional 868 shares in the last quarter. Finally, CIBC Bancorp USA Inc. bought a new stake in Blue Owl Capital during the 3rd quarter worth $246,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Trading Down 2.3%

NYSE OBDC opened at $11.18 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.26. Blue Owl Capital Corporation has a 52 week low of $10.70 and a 52 week high of $15.36. The business has a 50 day moving average price of $11.75 and a 200-day moving average price of $12.54. The company has a market cap of $5.58 billion, a price-to-earnings ratio of 9.01 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, February 18th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $439.50 million for the quarter, compared to analysts’ expectations of $454.38 million. Blue Owl Capital had a return on equity of 10.07% and a net margin of 33.89%. As a group, equities analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital announced that its board has authorized a share buyback program on Wednesday, February 18th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Blue Owl Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.2%. The ex-dividend date of this dividend is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 119.35%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Truist Financial lowered their target price on Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating for the company in a report on Monday, February 23rd. Royal Bank Of Canada decreased their price target on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Keefe, Bruyette & Woods reduced their target price on Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating on the stock in a report on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $14.06.

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.