Eric Kaye Acquires 1,000 Shares of Blue Owl Capital (NYSE:OBDC) Stock

Blue Owl Capital Corporation (NYSE:OBDC) Director Eric Kaye acquired 1,000 shares of the firm’s stock in a transaction on Friday, August 28th. The shares were acquired at an average price of $11.34 per share, with a total value of $11,340.00. Following the completion of the purchase, the director owned 22,144 shares in the company, valued at approximately $251,112.96. This trade represents a 4.73% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Blue Owl Capital Stock Down 1.4%

NYSE:OBDC opened at $11.37 on Wednesday. The firm has a market capitalization of $5.61 billion, a P/E ratio of 20.30 and a beta of 0.63. Blue Owl Capital Corporation has a 1-year low of $10.52 and a 1-year high of $14.44. The company’s fifty day moving average price is $11.11 and its 200-day moving average price is $11.20. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

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

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.9%. Blue Owl Capital’s dividend payout ratio (DPR) is presently 14.29%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Capital One Financial set a $13.00 target price on Blue Owl Capital in a research note on Friday, July 24th. Truist Financial reduced their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Wells Fargo & Company lowered their price objective 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. Lucid Cap Mkts raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. Finally, Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. One 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Institutional Investors Weigh In On Blue Owl Capital

A number of institutional investors have recently modified their holdings of OBDC. California State Teachers Retirement System raised its holdings in Blue Owl Capital by 987.0% in the 2nd quarter. California State Teachers Retirement System now owns 178,765,063 shares of the company’s stock worth $1,943,176,000 after purchasing an additional 162,319,335 shares during the period. Bank of America Corp DE grew its holdings in Blue Owl Capital by 6.5% in the third quarter. Bank of America Corp DE now owns 13,275,411 shares of the company’s stock valued at $169,527,000 after purchasing an additional 811,973 shares during the period. Strs Ohio grew its holdings in Blue Owl Capital by 411.4% in the first quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock valued at $121,018,000 after purchasing an additional 8,802,373 shares during the period. UBS Group AG increased its position in shares of Blue Owl Capital by 40.6% in the fourth quarter. UBS Group AG now owns 8,528,672 shares of the company’s stock valued at $106,011,000 after buying an additional 2,463,080 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Blue Owl Capital by 13.7% in the third quarter. Ameriprise Financial Inc. now owns 5,454,128 shares of the company’s stock valued at $69,005,000 after buying an additional 659,025 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors and hedge funds.

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.