Fieldview Capital Management LLC Sells 61,557 Shares of Blue Owl Capital Corporation $OBDC

Fieldview Capital Management LLC cut its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 63.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,339 shares of the company’s stock after selling 61,557 shares during the period. Fieldview Capital Management LLC’s holdings in Blue Owl Capital were worth $439,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in OBDC. IFP Advisors Inc boosted its position in Blue Owl Capital by 79.6% during the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock worth $27,000 after purchasing an additional 929 shares during the period. Caitong International Asset Management Co. Ltd raised its position in shares of Blue Owl Capital by 166.0% in 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. 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 about $30,000. Assetmark Inc. acquired a new stake in shares of Blue Owl Capital during the 3rd quarter worth about $38,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Blue Owl Capital during the 4th quarter worth about $44,000. 42.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OBDC. Keefe, Bruyette & Woods reduced their price objective on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a report on Thursday, April 16th. Royal Bank Of Canada reduced their price objective on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Zacks Research upgraded Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Wall Street Zen cut shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Truist Financial decreased their price target on shares of 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. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.00.

Blue Owl Capital Stock Performance

Blue Owl Capital stock opened at $11.05 on Tuesday. The business has a 50 day moving average of $11.23 and a 200-day moving average of $11.79. Blue Owl Capital Corporation has a 1 year low of $10.52 and a 1 year high of $15.19. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.24 and a quick ratio of 1.24. The company has a market capitalization of $5.48 billion, a P/E ratio of 15.78 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $422.02 million. On average, equities research analysts predict that Blue Owl Capital Corporation will post 1.27 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 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 11.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Blue Owl Capital’s dividend payout ratio is currently 211.43%.

Blue Owl Capital announced that its board has authorized a share repurchase plan on Wednesday, February 18th that permits the company to buyback $300.00 million in shares. This buyback authorization permits the company to reacquire up to 5.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is 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.