886,000 Shares in Blue Owl Capital Corporation $OBDC Bought by Sona Asset Management US LLC

Sona Asset Management US LLC purchased a new position in shares of Blue Owl Capital Corporation (NYSE:OBDC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 886,000 shares of the company’s stock, valued at approximately $9,799,000.

A number of other large investors have also recently added to or reduced their stakes in OBDC. Strs Ohio grew its position in shares of Blue Owl Capital by 411.4% in the 1st quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock valued at $121,018,000 after acquiring an additional 8,802,373 shares during the period. Lalia Capital LLC acquired a new stake in Blue Owl Capital in the 4th quarter valued at about $37,991,000. UBS Group AG lifted its stake in Blue Owl Capital by 40.6% in the 4th quarter. UBS Group AG now owns 8,528,672 shares of the company’s stock valued at $106,011,000 after purchasing an additional 2,463,080 shares during the last quarter. Private Management Group Inc. bought a new position in Blue Owl Capital during the fourth quarter worth about $27,012,000. Finally, Wells Fargo & Company MN grew its holdings in Blue Owl Capital by 142.6% during the fourth quarter. Wells Fargo & Company MN now owns 3,440,960 shares of the company’s stock worth $42,771,000 after purchasing an additional 2,022,806 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Up 0.0%

Shares of OBDC opened at $10.78 on Monday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. Blue Owl Capital Corporation has a 12 month low of $10.52 and a 12 month high of $14.89. The firm’s 50 day moving average is $10.99 and its 200-day moving average is $11.37. The stock has a market capitalization of $5.35 billion, a PE ratio of 15.39 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.04). The company had revenue of $391.00 million during 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%. Equities research analysts forecast 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 was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date was Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio is presently 177.14%.

Analysts Set New Price Targets

OBDC has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their price target on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Capital One Financial set a $13.00 target price on Blue Owl Capital in a report on Friday. Truist Financial dropped their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, May 19th. Finally, Keefe, Bruyette & Woods cut their price target on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a report on Thursday, April 16th. One research 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’s stock. According to data from MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

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.