Fieldview Capital Management LLC Has $1.24 Million Holdings in Blue Owl Capital Corporation $OBDC

Fieldview Capital Management LLC lessened its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 38.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,896 shares of the company’s stock after selling 61,111 shares during the quarter. Fieldview Capital Management LLC’s holdings in Blue Owl Capital were worth $1,237,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Atlantic Union Bankshares Corp purchased a new stake in shares of Blue Owl Capital in the third quarter worth approximately $28,000. Assetmark Inc. acquired a new stake in shares of Blue Owl Capital during the third quarter worth approximately $38,000. First Horizon Advisors Inc. purchased a new position in Blue Owl Capital during the second quarter valued at approximately $40,000. Root Financial Partners LLC purchased a new position in Blue Owl Capital during the third quarter valued at approximately $47,000. Finally, Allworth Financial LP increased its stake in Blue Owl Capital by 24,533.3% in the 2nd quarter. Allworth Financial LP now owns 3,695 shares of the company’s stock valued at $53,000 after buying an additional 3,680 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Down 0.5%

OBDC stock opened at $11.41 on Tuesday. The firm has a market cap of $5.70 billion, a PE ratio of 9.20 and a beta of 0.67. Blue Owl Capital Corporation has a 1 year low of $10.70 and a 1 year high of $15.36. The company has a fifty day simple moving average of $11.99 and a 200 day simple moving average of $12.70. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.26.

Blue Owl Capital (NYSE:OBDC) last posted its earnings results on Wednesday, February 18th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. The firm had revenue of $439.50 million for the quarter, compared to the consensus estimate of $454.38 million. Sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital announced that its board has authorized a stock buyback program on Wednesday, February 18th that authorizes the company to repurchase $300.00 million in shares. This repurchase authorization authorizes the company to purchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.0%. Blue Owl Capital’s dividend payout ratio is currently 119.35%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their target price on shares of Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating for the company in a research report on Monday, February 23rd. Royal Bank Of Canada dropped their price target on shares of Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Wall Street Zen cut Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Truist Financial lowered their target price on Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.06.

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.