Blue Owl Capital Corporation $OBDC Shares Purchased by Bulldog Investors LLP

Bulldog Investors LLP increased its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 42.0% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 338,369 shares of the company’s stock after purchasing an additional 100,094 shares during the quarter. Bulldog Investors LLP’s holdings in Blue Owl Capital were worth $3,742,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in OBDC. Goldman Sachs Group Inc. boosted its stake 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 worth $28,211,000 after purchasing an additional 384,641 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Blue Owl Capital in the first quarter valued at about $6,641,000. EverSource Wealth Advisors LLC raised its position in shares of Blue Owl Capital by 106.1% in the second quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock valued at $125,000 after buying an additional 4,494 shares during the last quarter. Squarepoint Ops LLC lifted its stake in shares of Blue Owl Capital by 133.8% in the second 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 in the last quarter. Finally, Diversify Advisory Services LLC lifted its stake in shares of Blue Owl Capital by 24.1% in the second 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 in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wall Street Zen cut shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Truist Financial cut 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 report on Tuesday, May 19th. Keefe, Bruyette & Woods decreased their target price on shares of 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. Finally, Wells Fargo & Company lowered their target price on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Blue Owl Capital Trading Down 1.0%

OBDC opened at $10.88 on Tuesday. The stock has a market capitalization of $5.40 billion, a PE ratio of 15.54 and a beta of 0.62. Blue Owl Capital Corporation has a one year low of $10.52 and a one year high of $15.15. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.24 and a current ratio of 1.24. The business’s 50 day moving average price is $11.02 and its 200 day moving average price is $11.41.

Blue Owl Capital (NYSE:OBDC) last posted its 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). Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%.The business had revenue of $391.00 million for the quarter, compared to analyst estimates of $422.02 million. As a group, equities research analysts expect that Blue Owl Capital Corporation will post 1.27 EPS for the current year.

Blue Owl Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.31 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.4%. Blue Owl Capital’s dividend payout ratio is currently 177.14%.

Blue Owl Capital 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.