Blue Owl Capital (NYSE:OBDC) CEO Craig Packer Purchases 83,200 Shares

Blue Owl Capital Corporation (NYSE:OBDC) CEO Craig Packer bought 83,200 shares of Blue Owl Capital stock in a transaction that occurred on 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 acquisition, the chief executive officer directly owned 41,600 shares of the company’s stock, valued at $488,800. This represents a -200.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Blue Owl Capital Price Performance

Shares of NYSE OBDC traded up $0.24 during trading on Wednesday, hitting $11.99. The company had a trading volume of 13,034,208 shares, compared to its average volume of 3,676,887. Blue Owl Capital Corporation has a 52 week low of $11.65 and a 52 week high of $15.73. The business’s 50-day moving average is $12.89 and its 200 day moving average is $13.89. The company has a market cap of $6.12 billion, a P/E ratio of 8.50 and a beta of 0.74. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 0.72.

Blue Owl Capital (NYSE:OBDC) last issued its 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). Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%.The company 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 fiscal year.

Blue Owl Capital Dividend Announcement

The company 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 dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 12.3%. Blue Owl Capital’s dividend payout ratio is currently 104.96%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Wells Fargo & Company lowered their price objective on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Friday, November 7th. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Raymond James Financial set a $14.00 target price on Blue Owl Capital and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Finally, Keefe, Bruyette & Woods lowered their price target on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.81.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd increased its holdings in Blue Owl Capital by 166.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after buying an additional 1,320 shares during the period. SVB Wealth LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $28,000. Atlantic Union Bankshares Corp bought a new position in Blue Owl Capital in the third quarter valued at approximately $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Blue Owl Capital during the third quarter valued at approximately $30,000. Finally, Assetmark Inc. bought a new stake in Blue Owl Capital during the third quarter worth $38,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.