Stephens Inc. AR Sells 574,566 Shares of Blue Owl Capital Corporation $OBDC

Stephens Inc. AR decreased its position in Blue Owl Capital Corporation (NYSE:OBDC) by 18.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,457,738 shares of the company’s stock after selling 574,566 shares during the quarter. Stephens Inc. AR owned approximately 0.48% of Blue Owl Capital worth $31,385,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in Blue Owl Capital by 25.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock valued at $28,211,000 after buying an additional 384,641 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Blue Owl Capital during the 1st quarter worth $6,641,000. Triumph Capital Management boosted its holdings in Blue Owl Capital by 3.1% during the second quarter. Triumph Capital Management now owns 68,723 shares of the company’s stock valued at $985,000 after acquiring an additional 2,058 shares during the period. Epiq Partners LLC grew its position in shares of Blue Owl Capital by 7.4% in the second quarter. Epiq Partners LLC now owns 486,784 shares of the company’s stock valued at $6,980,000 after purchasing an additional 33,416 shares during the last quarter. Finally, Mirador Capital Partners LP grew its position in shares of Blue Owl Capital by 5.3% in the second quarter. Mirador Capital Partners LP now owns 32,673 shares of the company’s stock valued at $469,000 after purchasing an additional 1,649 shares during the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $12.44 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a fifty day moving average price of $12.66 and a two-hundred day moving average price of $13.43. Blue Owl Capital Corporation has a 52-week low of $11.65 and a 52-week high of $15.73. The firm has a market capitalization of $6.35 billion, a P/E ratio of 8.82 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last announced 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). The firm had revenue of $453.07 million for the quarter, compared to analyst estimates of $466.81 million. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%. As a group, analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

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 issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.48 annualized dividend and a yield of 11.9%. Blue Owl Capital’s dividend payout ratio is currently 104.96%.

Insiders Place Their Bets

In other news, VP Neena Reddy purchased 7,890 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average price of $13.06 per share, with a total value of $103,043.40. Following the completion of the purchase, the vice president directly owned 7,890 shares of the company’s stock, valued at $103,043.40. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Craig Packer acquired 83,200 shares of Blue Owl Capital stock in a transaction on Tuesday, November 18th. The stock was acquired at an average cost of $11.75 per share, for a total transaction 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 approximately $488,800. The trade was a -200.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on OBDC shares. Wells Fargo & Company cut their price objective on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Royal Bank Of Canada dropped their price target on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Keefe, Bruyette & Woods cut their price target on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a report on Monday, November 10th. Zacks Research downgraded shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Finally, Citizens Jmp dropped their target price 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. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $14.56.

About Blue Owl Capital

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.