Rivernorth Capital Management LLC Has $12.96 Million Holdings in Blue Owl Capital Corporation $OBDC

Rivernorth Capital Management LLC decreased its holdings in Blue Owl Capital Corporation (NYSE:OBDCFree Report) by 16.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,192,576 shares of the company’s stock after selling 234,246 shares during the quarter. Rivernorth Capital Management LLC owned 0.24% of Blue Owl Capital worth $12,963,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in OBDC. IFP Advisors Inc boosted its holdings in Blue Owl Capital by 79.6% during 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 during the last quarter. Caitong International Asset Management Co. Ltd grew its position in Blue Owl Capital by 166.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $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 stake in Blue Owl Capital in the 3rd quarter valued at about $30,000. FNY Investment Advisers LLC boosted its stake in shares of Blue Owl Capital by 440.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock worth $29,000 after buying an additional 2,200 shares during the last quarter. Finally, AG Campbell Advisory LLC purchased a new position in shares of Blue Owl Capital in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Upgrades and Downgrades

OBDC has been the topic of several research analyst reports. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Wells Fargo & Company lowered their target price on 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. Capital One Financial set a $13.00 price target on shares of Blue Owl Capital in a research report on Friday, July 24th. Lucid Cap Mkts raised shares of Blue Owl Capital to a “strong-buy” rating in a research report on Friday, July 24th. Finally, Truist Financial reduced their target price on shares of 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. 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Read Our Latest Stock Report on Blue Owl Capital

Blue Owl Capital Stock Performance

Shares of OBDC opened at $11.30 on Monday. 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. The stock has a market capitalization of $5.57 billion, a price-to-earnings ratio of 20.18 and a beta of 0.62. The stock’s 50-day simple moving average is $11.08 and its 200 day simple moving average is $11.21.

Blue Owl Capital (NYSE:OBDCGet Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $396.00 million for the quarter, compared to analyst estimates of $394.23 million. During the same period in the prior year, the company earned $0.40 EPS. Research analysts forecast that Blue Owl Capital Corporation will post 1.29 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 11.0%. The ex-dividend date is Wednesday, September 30th. Blue Owl Capital’s dividend payout ratio (DPR) is presently 221.43%.

About Blue Owl Capital

(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.

See Also

Institutional Ownership by Quarter for Blue Owl Capital (NYSE:OBDC)

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