Blue Owl Capital (NYSE:OBDC) Sets New 12-Month Low – Here’s What Happened

Blue Owl Capital Corporation (NYSE:OBDC) hit a new 52-week low on Monday . The stock traded as low as $11.48 and last traded at $11.54, with a volume of 3852013 shares traded. The stock had previously closed at $12.00.

Analysts Set New Price Targets

OBDC has been the topic of several recent analyst reports. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 21st. Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods dropped their price objective 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. Royal Bank Of Canada reduced their target price on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Finally, Wells Fargo & Company decreased their target price 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. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average target price of $14.21.

Blue Owl Capital Stock Up 1.4%

The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 7.97 and a beta of 0.67. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The firm’s 50 day simple moving average is $12.69 and its 200-day simple moving average is $13.18.

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

Insider Buying and Selling

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

Institutional Trading of Blue Owl Capital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. grew its position in Blue Owl Capital by 25.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock worth $28,211,000 after buying an additional 384,641 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $6,641,000. Truist Financial Corp grew its holdings in shares of Blue Owl Capital by 4.2% in the 2nd quarter. Truist Financial Corp now owns 76,889 shares of the company’s stock worth $1,103,000 after acquiring an additional 3,094 shares during the period. Wealthcare Advisory Partners LLC increased its stake in Blue Owl Capital by 41.9% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 26,837 shares of the company’s stock valued at $385,000 after purchasing an additional 7,919 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its holdings in Blue Owl Capital by 17.3% during the second quarter. SteelPeak Wealth LLC now owns 52,525 shares of the company’s stock worth $773,000 after purchasing an additional 7,740 shares during the last quarter. Institutional investors and hedge funds own 42.83% of the company’s stock.

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.