Healthcare of Ontario Pension Plan Trust Fund Sells 112,187 Shares of Blue Owl Capital Corporation $OBDC

Healthcare of Ontario Pension Plan Trust Fund trimmed its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 97.1% during the first quarter, HoldingsChannel reports. The institutional investor owned 3,402 shares of the company’s stock after selling 112,187 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Blue Owl Capital were worth $38,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of OBDC. IFP Advisors Inc raised its position in shares of 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 buying an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of 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 acquiring an additional 1,320 shares in 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 during the 3rd quarter worth approximately $30,000. AG Campbell Advisory LLC bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $36,000. Finally, FNY Investment Advisers LLC bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $44,000. 42.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on OBDC. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Lucid Cap Mkts raised Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. Capital One Financial set a $13.00 price target on Blue Owl Capital in a report on Friday, July 24th. Wells Fargo & Company dropped their price objective on 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. Finally, Truist Financial reduced their price objective 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. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $11.01 on Tuesday. The firm’s fifty day moving average price is $10.97 and its two-hundred day moving average price is $11.30. The stock has a market cap of $5.46 billion, a PE ratio of 15.72 and a beta of 0.62. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.24 and a current ratio of 1.24. Blue Owl Capital Corporation has a fifty-two week low of $10.52 and a fifty-two week high of $14.53.

Blue Owl Capital (NYSE:OBDC) last announced 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). Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. The firm had revenue of $391.00 million during the quarter, compared to the consensus estimate of $422.02 million. On average, equities analysts expect that Blue Owl Capital Corporation will post 1.27 EPS for the current fiscal year.

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.