Blue Owl Capital Corporation $OBDC Shares Sold by Fieldview Capital Management LLC

Fieldview Capital Management LLC cut its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 38.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,896 shares of the company’s stock after selling 61,111 shares during the quarter. Fieldview Capital Management LLC’s holdings in Blue Owl Capital were worth $1,237,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Atlantic Union Bankshares Corp bought a new position in shares of Blue Owl Capital during the 3rd quarter valued at about $28,000. Assetmark Inc. bought a new stake in shares of Blue Owl Capital in the 3rd quarter worth approximately $38,000. First Horizon Advisors Inc. acquired a new stake in Blue Owl Capital during the second quarter valued at approximately $40,000. Root Financial Partners LLC acquired a new stake in Blue Owl Capital during the third quarter valued at approximately $47,000. Finally, Allworth Financial LP boosted its holdings in Blue Owl Capital by 24,533.3% during the second quarter. Allworth Financial LP now owns 3,695 shares of the company’s stock worth $53,000 after buying an additional 3,680 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OBDC shares. Truist Financial decreased their price target on shares of Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Wall Street Zen downgraded Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Keefe, Bruyette & Woods decreased their target price on Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating on the stock in a report on Monday, February 23rd. Finally, Royal Bank Of Canada cut their target price on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $14.06.

Blue Owl Capital Stock Down 0.5%

OBDC stock opened at $11.41 on Tuesday. Blue Owl Capital Corporation has a 52-week low of $10.70 and a 52-week high of $15.36. The company’s 50 day simple moving average is $11.99 and its 200-day simple moving average is $12.70. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $5.70 billion, a P/E ratio of 9.20 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. The firm had revenue of $439.50 million during the quarter, compared to analyst estimates of $454.38 million. As a group, equities research analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 119.35%.

Blue Owl Capital declared that its board has authorized a stock repurchase plan on Wednesday, February 18th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.