Blue Owl Capital Corporation (NYSE:OBDC – Get Free Report) Director Eric Kaye acquired 1,000 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were bought at an average cost of $11.34 per share, with a total value of $11,340.00. Following the purchase, the director owned 22,144 shares of the company’s stock, valued at approximately $251,112.96. This trade 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 this link.
Blue Owl Capital Stock Up 2.2%
Shares of NYSE OBDC opened at $11.55 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. Blue Owl Capital Corporation has a 52 week low of $10.52 and a 52 week high of $14.44. The firm’s fifty day moving average is $11.10 and its 200 day moving average is $11.21. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 20.62 and a beta of 0.62.
Blue Owl Capital (NYSE:OBDC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. The business had revenue of $396.00 million during 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 EPS. On average, equities research analysts expect that Blue Owl Capital Corporation will post 1.29 earnings per share for the current year.
Blue Owl Capital Announces Dividend
Hedge Funds Weigh In On Blue Owl Capital
Several large investors have recently made changes to their positions in the business. IFP Advisors Inc grew its stake in shares of 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 buying an additional 929 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its stake 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 buying an additional 1,320 shares during the last quarter. FNY Investment Advisers LLC raised its stake in Blue Owl Capital by 440.0% during the second quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock valued at $29,000 after buying an additional 2,200 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Blue Owl Capital in the third quarter worth $30,000. Finally, AG Campbell Advisory LLC purchased a new stake in shares of Blue Owl Capital in the fourth quarter worth $36,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Lucid Cap Mkts upgraded Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. Truist Financial cut their price objective on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Capital One Financial set a $13.00 target price on Blue Owl Capital in a report on Friday, July 24th. Finally, Wells Fargo & Company decreased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $13.00.
Check Out Our Latest Report on OBDC
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.
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