Private Management Group Inc. Purchases 212,119 Shares of Blue Owl Capital Corporation $OBDC

Private Management Group Inc. lifted its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 5.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,056,747 shares of the company’s stock after buying an additional 212,119 shares during the quarter. Blue Owl Capital comprises 1.2% of Private Management Group Inc.’s holdings, making the stock its 16th biggest position. Private Management Group Inc.’s holdings in Blue Owl Capital were worth $44,097,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of OBDC. Bank of America Corp DE raised its stake in Blue Owl Capital by 6.5% in the 3rd quarter. Bank of America Corp DE now owns 13,275,411 shares of the company’s stock worth $169,527,000 after purchasing an additional 811,973 shares in the last quarter. Strs Ohio grew its position in shares of Blue Owl Capital by 411.4% during the 1st quarter. Strs Ohio now owns 10,941,976 shares of the company’s stock worth $121,018,000 after purchasing an additional 8,802,373 shares in the last quarter. UBS Group AG grew its position in shares of Blue Owl Capital by 40.6% during the 4th quarter. UBS Group AG now owns 8,528,672 shares of the company’s stock worth $106,011,000 after purchasing an additional 2,463,080 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Blue Owl Capital by 13.7% during the third quarter. Ameriprise Financial Inc. now owns 5,454,128 shares of the company’s stock worth $69,005,000 after purchasing an additional 659,025 shares during the period. Finally, Sound Income Strategies LLC raised its position in shares of Blue Owl Capital by 5.2% in the first quarter. Sound Income Strategies LLC now owns 3,976,748 shares of the company’s stock valued at $42,790,000 after buying an additional 196,847 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Trading Up 0.2%

Shares of OBDC stock opened at $11.30 on Friday. The stock’s fifty day moving average price is $11.08 and its two-hundred day moving average price is $11.21. 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 Corporation has a fifty-two week low of $10.52 and a fifty-two week high of $14.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.65 and a current ratio of 0.65.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.02. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.The company had revenue of $396.00 million during the quarter, compared to analysts’ expectations of $394.23 million. During the same quarter in the previous year, the firm earned $0.40 EPS. Equities analysts predict that Blue Owl Capital Corporation will post 1.29 EPS for the current fiscal year.

Blue Owl Capital Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Wednesday, September 30th. This represents a $1.24 dividend on an annualized basis and a yield of 11.0%. Blue Owl Capital’s payout ratio is currently 221.43%.

Analyst Ratings Changes

Several brokerages recently issued reports on OBDC. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Wells Fargo & Company dropped their price objective on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Lucid Cap Mkts upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Friday, July 24th. Capital One Financial set a $13.00 price target on Blue Owl Capital in a research report on Friday, July 24th. Finally, Truist Financial dropped their price target on 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 equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.00.

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.