Blue Owl Capital Corporation $OBDC is Muzinich & Co. Inc.’s 3rd Largest Position

Muzinich & Co. Inc. grew its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 25.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,457,058 shares of the company’s stock after purchasing an additional 505,997 shares during the quarter. Blue Owl Capital makes up approximately 9.6% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 3rd largest position. Muzinich & Co. Inc.’s holdings in Blue Owl Capital were worth $30,541,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its stake in shares of Blue Owl Capital by 166.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after purchasing an additional 1,320 shares during the period. IFP Advisors Inc lifted its stake in Blue Owl Capital by 79.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock worth $27,000 after acquiring an additional 929 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in Blue Owl Capital in the third quarter worth about $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Blue Owl Capital in the third quarter worth about $30,000. Finally, Assetmark Inc. purchased a new stake in Blue Owl Capital in the third quarter worth about $38,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

OBDC opened at $10.90 on Wednesday. Blue Owl Capital Corporation has a 52-week low of $10.52 and a 52-week high of $15.19. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.26. The company has a market cap of $5.41 billion, a P/E ratio of 8.79 and a beta of 0.65. The firm’s 50-day moving average price is $11.38 and its 200-day moving average price is $12.25.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $454.38 million. As a group, equities analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 18th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows 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 management believes its shares are undervalued.

Blue Owl Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 13.6%. The ex-dividend date is Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio is 119.35%.

Analysts Set New Price Targets

OBDC has been the subject of a number of research reports. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Royal Bank Of Canada lowered 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 note on Friday, February 20th. Truist Financial lowered their price objective on shares of Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Keefe, Bruyette & Woods lowered their price objective on shares of Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating for the company in a research note on Monday, February 23rd. Finally, Zacks Research raised shares of Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Two research 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. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.06.

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.