Fieldview Capital Management LLC Has $439,000 Holdings in Blue Owl Capital Corporation $OBDC

Fieldview Capital Management LLC lessened its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 63.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,339 shares of the company’s stock after selling 61,557 shares during the quarter. Fieldview Capital Management LLC’s holdings in Blue Owl Capital were worth $439,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in OBDC. Goldman Sachs Group Inc. increased its position in Blue Owl Capital by 25.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock valued at $28,211,000 after purchasing an additional 384,641 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter worth approximately $6,641,000. EverSource Wealth Advisors LLC grew its position in shares of Blue Owl Capital by 106.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock worth $125,000 after buying an additional 4,494 shares during the period. Squarepoint Ops LLC grew its position in shares of Blue Owl Capital by 133.8% during the 2nd quarter. Squarepoint Ops LLC now owns 93,691 shares of the company’s stock worth $1,344,000 after buying an additional 53,613 shares during the period. Finally, Diversify Advisory Services LLC grew its position in shares of Blue Owl Capital by 24.1% during the 2nd quarter. Diversify Advisory Services LLC now owns 16,484 shares of the company’s stock worth $235,000 after buying an additional 3,200 shares during the period. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $11.05 on Tuesday. The company has a fifty day simple moving average of $11.23 and a 200 day simple moving average of $11.79. Blue Owl Capital Corporation has a 12-month low of $10.52 and a 12-month high of $15.19. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. The company has a market cap of $5.48 billion, a P/E ratio of 15.78 and a beta of 0.62.

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

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

Blue Owl Capital Cuts Dividend

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

Analyst Ratings Changes

Several brokerages have recently commented on OBDC. Wall Street Zen downgraded shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Truist Financial reduced 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 reduced 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 reduced 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 raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. One equities 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. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $13.00.

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.