M&G PLC Sells 163,000 Shares of Blue Owl Capital Corporation $OBDC

M&G PLC trimmed its position in Blue Owl Capital Corporation (NYSE:OBDC) by 33.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 327,000 shares of the company’s stock after selling 163,000 shares during the period. M&G PLC’s holdings in Blue Owl Capital were worth $4,578,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hamilton Lane Advisors LLC bought a new stake in Blue Owl Capital during the second quarter worth about $48,845,000. Graypoint LLC lifted its holdings in shares of Blue Owl Capital by 49.4% during the second quarter. Graypoint LLC now owns 590,048 shares of the company’s stock valued at $8,461,000 after purchasing an additional 194,999 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Blue Owl Capital in the 2nd quarter worth approximately $734,619,000. Integrated Wealth Concepts LLC boosted its position in shares of Blue Owl Capital by 217.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 43,069 shares of the company’s stock worth $631,000 after purchasing an additional 29,521 shares in the last quarter. Finally, Trinity Financial Advisors LLC grew its stake in shares of Blue Owl Capital by 2.3% in the 2nd quarter. Trinity Financial Advisors LLC now owns 1,150,853 shares of the company’s stock worth $16,929,000 after buying an additional 25,377 shares during the last quarter. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 1.0%

Shares of NYSE:OBDC opened at $11.98 on Friday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. Blue Owl Capital Corporation has a 1 year low of $11.90 and a 1 year high of $15.73. The company has a market cap of $6.12 billion, a P/E ratio of 8.49 and a beta of 0.74. The stock’s fifty day moving average price is $13.04 and its 200-day moving average price is $13.94.

Blue Owl Capital (NYSE:OBDC) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.03). Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%.The business had revenue of $453.07 million during the quarter, compared to the consensus estimate of $466.81 million. Sell-side analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 12.4%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s payout ratio is presently 104.96%.

Analysts Set New Price Targets

A number of brokerages have issued reports on OBDC. Keefe, Bruyette & Woods lowered their price objective on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research note on Monday. Citizens Jmp reduced their price target on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a report on Friday, November 7th. Raymond James Financial set a $14.00 price target on Blue Owl Capital and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Finally, Zacks Research downgraded shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $14.81.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.