Lalia Capital LLC Purchases Shares of 3,056,435 Blue Owl Capital Corporation $OBDC

Lalia Capital LLC purchased a new stake in Blue Owl Capital Corporation (NYSE:OBDC) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 3,056,435 shares of the company’s stock, valued at approximately $37,991,000. Blue Owl Capital comprises 29.7% of Lalia Capital LLC’s portfolio, making the stock its largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Closed End Fund Advisors Inc. acquired a new position in Blue Owl Capital in the 4th quarter valued at approximately $4,609,000. TT Capital Management LLC increased its position in Blue Owl Capital by 5.4% in the 4th quarter. TT Capital Management LLC now owns 308,480 shares of the company’s stock valued at $3,834,000 after acquiring an additional 15,913 shares during the period. J.W. Cole Advisors Inc. increased its position in Blue Owl Capital by 85.8% in the 4th quarter. J.W. Cole Advisors Inc. now owns 27,102 shares of the company’s stock valued at $337,000 after acquiring an additional 12,516 shares during the period. Intellectus Partners LLC increased its position in Blue Owl Capital by 5.3% in the 4th quarter. Intellectus Partners LLC now owns 180,096 shares of the company’s stock valued at $2,305,000 after acquiring an additional 9,139 shares during the period. Finally, Allen Investment Management LLC increased its position in Blue Owl Capital by 10.2% in the 4th quarter. Allen Investment Management LLC now owns 906,168 shares of the company’s stock valued at $11,264,000 after acquiring an additional 83,977 shares during the period. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a research report on Thursday, April 16th. Truist Financial decreased their price objective on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Wells Fargo & Company decreased their price objective on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Royal Bank Of Canada decreased their price objective on shares of Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Finally, Zacks Research upgraded shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Blue Owl Capital has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Blue Owl Capital Trading Down 2.4%

OBDC opened at $11.03 on Friday. Blue Owl Capital Corporation has a twelve month low of $10.52 and a twelve month high of $15.19. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.18. The company has a fifty day moving average of $11.21 and a 200-day moving average of $11.84. The stock has a market cap of $5.47 billion, a PE ratio of 15.75 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.04). Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%.The firm had revenue of $391.00 million for the quarter, compared to analyst estimates of $422.02 million. On average, sell-side analysts predict that Blue Owl Capital Corporation will post 1.27 EPS for the current year.

Blue Owl Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.24 annualized dividend and a yield of 11.2%. Blue Owl Capital’s dividend payout ratio is currently 211.43%.

Blue Owl Capital declared that its Board of Directors has initiated a stock buyback program on Wednesday, February 18th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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.