Caz Investments LP Acquires Shares of 1,124,305 Blue Owl Capital Corporation $OBDC

Caz Investments LP bought a new position in shares of Blue Owl Capital Corporation (NYSE:OBDC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,124,305 shares of the company’s stock, valued at approximately $14,357,000. Blue Owl Capital accounts for approximately 26.7% of Caz Investments LP’s portfolio, making the stock its biggest holding. Caz Investments LP owned approximately 0.22% of Blue Owl Capital as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. BlueStem Wealth Partners LLC lifted its holdings in Blue Owl Capital by 2.5% during the 3rd quarter. BlueStem Wealth Partners LLC now owns 34,465 shares of the company’s stock valued at $440,000 after purchasing an additional 837 shares during the last quarter. Perigon Wealth Management LLC raised its position in shares of Blue Owl Capital by 3.0% in the third quarter. Perigon Wealth Management LLC now owns 30,036 shares of the company’s stock valued at $384,000 after purchasing an additional 876 shares during the period. Valeo Financial Advisors LLC lifted its stake in shares of Blue Owl Capital by 2.6% during the 3rd quarter. Valeo Financial Advisors LLC now owns 35,638 shares of the company’s stock worth $455,000 after buying an additional 905 shares during the last quarter. NorthRock Partners LLC grew its stake in Blue Owl Capital by 5.4% in the 2nd quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock valued at $281,000 after buying an additional 975 shares during the last quarter. Finally, MAS Advisors LLC raised its holdings in Blue Owl Capital by 4.1% in the 2nd quarter. MAS Advisors LLC now owns 28,173 shares of the company’s stock valued at $404,000 after acquiring an additional 1,110 shares during the period. 42.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on OBDC shares. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Wells Fargo & Company decreased their price objective on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Citizens Jmp dropped their target price on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, November 7th. Royal Bank Of Canada decreased their price target on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Finally, Raymond James Financial set a $14.00 price objective on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average target price of $14.56.

Blue Owl Capital Stock Down 1.2%

OBDC stock opened at $12.00 on Friday. Blue Owl Capital Corporation has a 52 week low of $11.65 and a 52 week high of $15.73. The business has a 50-day simple moving average of $12.75 and a 200 day simple moving average of $13.25. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.25. The company has a market cap of $6.13 billion, a PE ratio of 8.51 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. The firm had revenue of $453.07 million during the quarter, compared to the consensus estimate of $466.81 million. Sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.37 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.48 annualized dividend and a yield of 12.3%. Blue Owl Capital’s dividend payout ratio is presently 104.96%.

Insiders Place Their Bets

In other Blue Owl Capital news, VP Neena Reddy purchased 7,890 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were bought at an average price of $13.06 per share, for a total transaction of $103,043.40. Following the purchase, the vice president owned 7,890 shares in the company, valued at approximately $103,043.40. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Craig Packer purchased 83,200 shares of the stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of $11.75 per share, with a total value of $977,600.00. Following the acquisition, the chief executive officer directly owned 41,600 shares in the company, valued at $488,800. This represents a -200.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.11% of the company’s stock.

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.