Border to Coast Pensions Partnership Ltd Acquires 250,000 Shares of Blue Owl Capital Corporation $OBDC

Border to Coast Pensions Partnership Ltd increased its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 19.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,550,000 shares of the company’s stock after acquiring an additional 250,000 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Blue Owl Capital were worth $19,793,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State of New Jersey Common Pension Fund A acquired a new stake in Blue Owl Capital in the second quarter worth $218,884,000. Bank of America Corp DE boosted its position in shares of Blue Owl Capital by 4.3% during the 2nd quarter. Bank of America Corp DE now owns 12,463,438 shares of the company’s stock worth $178,726,000 after purchasing an additional 517,294 shares in the last quarter. Generali Asset Management SPA SGR grew its stake in shares of Blue Owl Capital by 2.1% in the 2nd quarter. Generali Asset Management SPA SGR now owns 4,377,807 shares of the company’s stock valued at $62,778,000 after buying an additional 90,878 shares during the period. Sound Income Strategies LLC grew its stake in shares of Blue Owl Capital by 3.0% in the 3rd quarter. Sound Income Strategies LLC now owns 3,392,554 shares of the company’s stock valued at $41,491,000 after buying an additional 98,371 shares during the period. Finally, Stephens Inc. AR increased its position in Blue Owl Capital by 1.4% in the 2nd quarter. Stephens Inc. AR now owns 3,032,304 shares of the company’s stock valued at $43,483,000 after buying an additional 41,858 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Blue Owl Capital news, CEO Craig Packer purchased 83,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The shares were acquired at an average cost of $11.75 per share, for a total transaction of $977,600.00. Following the completion of the acquisition, the chief executive officer owned 41,600 shares of the company’s stock, valued at $488,800. The trade was a -200.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Neena Reddy acquired 7,890 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was acquired at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the transaction, the vice president owned 7,890 shares of the company’s stock, valued at approximately $103,043.40. The trade was a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on OBDC shares. Keefe, Bruyette & Woods reduced 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, November 10th. 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. Citizens Jmp lowered their price objective on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a report on Friday, November 7th. Wells Fargo & Company lowered their price objective on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Royal Bank Of Canada reduced their price objective on shares of Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.21.

Blue Owl Capital Stock Up 1.4%

Blue Owl Capital stock opened at $11.24 on Thursday. Blue Owl Capital Corporation has a fifty-two week low of $10.92 and a fifty-two week high of $15.73. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50-day simple moving average is $12.65 and its 200 day simple moving average is $13.16. The stock has a market cap of $5.74 billion, a PE ratio of 7.97 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last posted 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 for the quarter, compared to the consensus estimate of $466.81 million. Research analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current fiscal year.

Blue Owl Capital Profile

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.