OMERS ADMINISTRATION Corp Boosts Stake in Blue Owl Capital Corporation $OBDC

OMERS ADMINISTRATION Corp increased its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 71.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,085,234 shares of the company’s stock after purchasing an additional 1,284,222 shares during the quarter. OMERS ADMINISTRATION Corp’s holdings in Blue Owl Capital were worth $34,123,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Callodine Capital Management LP increased its position in shares of Blue Owl Capital by 50.0% in the first quarter. Callodine Capital Management LP now owns 450,000 shares of the company’s stock worth $4,977,000 after acquiring an additional 150,000 shares in the last quarter. Alamar Capital Management LLC acquired a new position in shares of Blue Owl Capital during the 1st quarter valued at $229,000. NewEdge Wealth LLC lifted its holdings in shares of Blue Owl Capital by 81.6% during the 1st quarter. NewEdge Wealth LLC now owns 758,426 shares of the company’s stock valued at $8,388,000 after acquiring an additional 340,861 shares in the last quarter. Bulldog Investors LLP boosted its position in Blue Owl Capital by 42.0% during the 1st quarter. Bulldog Investors LLP now owns 338,369 shares of the company’s stock worth $3,742,000 after purchasing an additional 100,094 shares during the period. Finally, Johnson Financial Group Inc. boosted its position in Blue Owl Capital by 43.0% during the 1st quarter. Johnson Financial Group Inc. now owns 569,764 shares of the company’s stock worth $6,497,000 after purchasing an additional 171,374 shares during the period. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Wells Fargo & Company lowered their price target on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Keefe, Bruyette & Woods decreased their target price on 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 target price on 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. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Capital One Financial set a $13.00 target price on Blue Owl Capital in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $10.78 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.24 and a quick ratio of 1.24. Blue Owl Capital Corporation has a 12 month low of $10.52 and a 12 month high of $14.89. The company has a fifty day moving average price of $10.99 and a two-hundred day moving average price of $11.38. The company has a market cap of $5.35 billion, a PE ratio of 15.39 and a beta of 0.62.

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

Blue Owl Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.24 annualized dividend and a yield of 11.5%. Blue Owl Capital’s dividend payout ratio is presently 177.14%.

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.