Eric Kaye Acquires 1,000 Shares of Blue Owl Capital (NYSE:OBDC) Stock

Blue Owl Capital Corporation (NYSE:OBDC) Director Eric Kaye purchased 1,000 shares of Blue Owl Capital stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $11.21 per share, with a total value of $11,210.00. Following the transaction, the director owned 21,144 shares in the company, valued at approximately $237,024.24. The trade was a 4.96% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Blue Owl Capital Trading Up 0.1%

NYSE OBDC opened at $11.18 on Thursday. The company has a market cap of $5.55 billion, a PE ratio of 15.97 and a beta of 0.64. 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 $15.19. The stock has a 50 day moving average of $11.26 and a 200-day moving average of $12.00.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. On average, equities research analysts anticipate that Blue Owl Capital Corporation will post 1.29 EPS for the current fiscal year.

Blue Owl Capital announced that its board has authorized a share repurchase plan on Wednesday, February 18th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its shares are undervalued.

Blue Owl Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 11.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio is presently 211.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on OBDC shares. Truist Financial dropped their price target 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. Keefe, Bruyette & Woods dropped their price target on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research note on Thursday, April 16th. Wells Fargo & Company dropped 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 note on Friday, May 8th. Wall Street Zen cut Blue Owl Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. 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. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

Institutional Investors Weigh In On Blue Owl Capital

Large investors have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its stake in Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after acquiring an additional 929 shares during the period. Caitong International Asset Management Co. Ltd increased its position in Blue Owl Capital by 166.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $27,000 after buying an additional 1,320 shares during the period. Atlantic Union Bankshares Corp bought a new position in Blue Owl Capital during the 3rd quarter worth $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Blue Owl Capital during the 3rd quarter worth $30,000. Finally, AG Campbell Advisory LLC bought a new position in Blue Owl Capital during the 4th quarter worth $36,000. Institutional investors 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.