Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) Director Eric Kaye acquired 1,000 shares of Blue Owl Capital stock in a transaction on Friday, August 28th. The shares were purchased 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 $251,112.96. This represents a 4.73% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Blue Owl Capital Stock Up 2.2%
Shares of Blue Owl Capital stock opened at $11.55 on Tuesday. The company has a 50-day simple moving average of $11.10 and a two-hundred day simple moving average of $11.21. The stock has a market capitalization of $5.70 billion, a PE ratio of 20.62 and a beta of 0.62. Blue Owl Capital Corporation has a 52-week low of $10.52 and a 52-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 - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.02. The firm had revenue of $396.00 million for the quarter, compared to analysts' expectations of $394.23 million. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. During the same quarter in the prior year, the company posted $0.40 earnings per share. On average, analysts anticipate that Blue Owl Capital Corporation will post 1.29 EPS for the current fiscal year.
Blue Owl Capital Dividend Announcement
The firm also recently announced 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. This represents a $1.24 annualized dividend and a yield of 10.7%. The ex-dividend date is Wednesday, September 30th. Blue Owl Capital's dividend payout ratio (DPR) is currently 221.43%.
Analyst Ratings Changes
Several research firms have recently weighed in on OBDC. Truist Financial decreased 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. Lucid Cap Mkts raised Blue Owl Capital to a "strong-buy" rating in a research report on Friday, July 24th. Capital One Financial set a $13.00 price objective on Blue Owl Capital in a report on Friday, July 24th. Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Blue Owl Capital from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $13.00.
Get Our Latest Analysis on OBDC
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in OBDC. IFP Advisors Inc increased its holdings in Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company's stock worth $27,000 after acquiring an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Blue Owl Capital during the third quarter valued at approximately $30,000. FNY Investment Advisers LLC boosted its position in shares of Blue Owl Capital by 440.0% in the second quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company's stock worth $29,000 after purchasing an additional 2,200 shares during the period. Finally, AG Campbell Advisory LLC bought a new position in shares of Blue Owl Capital in the fourth quarter worth approximately $36,000. 42.83% of the stock is currently owned by institutional investors.
Blue Owl Capital Company Profile
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Get Free Report)
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.
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