Blue Owl Capital Corporation $OBDC Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp trimmed its position in Blue Owl Capital Corporation (NYSE:OBDC) by 13.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,840,313 shares of the company’s stock after selling 1,481,269 shares during the period. Van ECK Associates Corp owned about 2.00% of Blue Owl Capital worth $106,964,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of OBDC. IFP Advisors Inc raised its position in shares of Blue Owl Capital by 79.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after buying an additional 929 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Blue Owl Capital by 6.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 14,878 shares of the company’s stock worth $185,000 after acquiring an additional 964 shares during the last quarter. BlueStem Wealth Partners LLC grew its stake in Blue Owl Capital by 2.8% in the 4th quarter. BlueStem Wealth Partners LLC now owns 35,443 shares of the company’s stock worth $441,000 after acquiring an additional 978 shares during the period. Sage Investment Counsel LLC grew its stake in Blue Owl Capital by 8.4% in the 1st quarter. Sage Investment Counsel LLC now owns 12,855 shares of the company’s stock worth $142,000 after acquiring an additional 1,000 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in Blue Owl Capital by 51.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 3,208 shares of the company’s stock valued at $40,000 after acquiring an additional 1,093 shares during the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OBDC has been the topic of a number of recent analyst reports. Capital One Financial set a $13.00 price target on Blue Owl Capital in a research note on Friday, July 24th. Lucid Cap Mkts upgraded Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. Wells Fargo & Company reduced their target price on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Truist Financial dropped 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 note on Tuesday, May 19th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Blue Owl Capital Price Performance

OBDC stock opened at $11.30 on Friday. The stock has a 50-day moving average price of $11.08 and a two-hundred day moving average price of $11.21. Blue Owl Capital Corporation has a 12-month low of $10.52 and a 12-month high of $14.44. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The company has a market cap of $5.57 billion, a PE ratio of 20.18 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $396.00 million for the quarter, compared to the consensus estimate of $394.23 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.During the same period last year, the business posted $0.40 EPS. As a group, research analysts predict that Blue Owl Capital Corporation will post 1.29 EPS for the current year.

Blue Owl Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Blue Owl Capital’s dividend payout ratio is 221.43%.

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.