Whittier Trust Co. of Nevada Inc. Makes New $1.67 Million Investment in Blue Owl Capital Corporation $OBDC

Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Blue Owl Capital Corporation (NYSE:OBDC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 132,000 shares of the company’s stock, valued at approximately $1,671,000.

Several other large investors have also recently added to or reduced their stakes in the business. First Horizon Advisors Inc. bought a new position in shares of Blue Owl Capital in the second quarter worth $40,000. Private Trust Co. NA lifted its stake in Blue Owl Capital by 86.6% during the second quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock valued at $45,000 after purchasing an additional 1,449 shares during the last quarter. Root Financial Partners LLC bought a new stake in Blue Owl Capital during the third quarter worth approximately $47,000. Allworth Financial LP increased its holdings in shares of Blue Owl Capital by 24,533.3% in the second quarter. Allworth Financial LP now owns 3,695 shares of the company’s stock valued at $53,000 after buying an additional 3,680 shares in the last quarter. Finally, Westfuller Advisors LLC acquired a new stake in Blue Owl Capital during the 3rd quarter worth about $81,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OBDC has been the topic of several analyst reports. Citizens Jmp dropped their target price on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, November 7th. Wells Fargo & Company decreased their target price on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Friday, November 7th. Keefe, Bruyette & Woods dropped their price target on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Finally, Royal Bank Of Canada dropped their target price on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Two investment 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 given a Sell rating to the company. According to MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and an average price target of $14.56.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $12.50 on Monday. The business has a 50-day moving average of $12.74 and a two-hundred day moving average of $13.32. 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 fifty-two week low of $11.65 and a fifty-two week high of $15.73. The stock has a market capitalization of $6.39 billion, a P/E ratio of 8.86 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results 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 firm had revenue of $453.07 million during the quarter, compared to the consensus estimate of $466.81 million. On average, equities research analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a $0.37 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.8%. Blue Owl Capital’s dividend payout ratio is currently 104.96%.

Insider Transactions at Blue Owl Capital

In related news, CEO Craig Packer bought 83,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The stock was acquired at an average price of $11.75 per share, for a total transaction of $977,600.00. Following the transaction, the chief executive officer directly owned 41,600 shares of the company’s stock, valued at $488,800. This represents a -200.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Neena Reddy purchased 7,890 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was bought at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the purchase, the vice president owned 7,890 shares in the company, valued at $103,043.40. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.11% of the stock is owned by company insiders.

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.