Blue Owl Capital Corporation (NYSE:OBDC) Short Interest Update

Blue Owl Capital Corporation (NYSE:OBDC) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 13,158,793 shares, a drop of 21.2% from the February 12th total of 16,690,434 shares. Approximately 2.6% of the company’s shares are short sold. Based on an average trading volume of 8,887,952 shares, the short-interest ratio is presently 1.5 days. Based on an average trading volume of 8,887,952 shares, the short-interest ratio is presently 1.5 days. Approximately 2.6% of the company’s shares are short sold.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Wall Street Zen downgraded shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday, March 7th. Truist Financial lowered their price objective on shares of Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Monday, February 23rd. Royal Bank Of Canada cut their target price on shares of Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Keefe, Bruyette & Woods reduced their target price on Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating for the company in a report on Monday, February 23rd. Finally, Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.06.

Institutional Trading of Blue Owl Capital

A number of institutional investors have recently bought and sold shares of OBDC. Goldman Sachs Group Inc. increased its position in Blue Owl Capital by 25.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock worth $28,211,000 after purchasing an additional 384,641 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Blue Owl Capital during the 1st quarter valued at about $6,641,000. Envestnet Asset Management Inc. grew its stake in shares of Blue Owl Capital by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 138,171 shares of the company’s stock valued at $1,981,000 after buying an additional 1,432 shares in the last quarter. Allworth Financial LP grew its stake in shares of Blue Owl Capital by 24,533.3% in the 2nd 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, Foundations Investment Advisors LLC acquired a new position in Blue Owl Capital in the second quarter worth approximately $285,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Blue Owl Capital Stock Up 1.4%

Shares of NYSE OBDC traded up $0.16 during mid-day trading on Monday, reaching $11.11. The company had a trading volume of 6,043,159 shares, compared to its average volume of 7,771,747. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.17 and a current ratio of 1.17. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 8.96 and a beta of 0.67. The stock has a fifty day moving average of $11.84 and a two-hundred day moving average of $12.59. Blue Owl Capital has a 12-month low of $10.70 and a 12-month high of $15.36.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. The firm had revenue of $439.50 million for the quarter, compared to the consensus estimate of $454.38 million. As a group, equities research analysts expect that Blue Owl Capital will post 1.71 EPS for the current year.

Blue Owl Capital declared that its board has authorized a share buyback program on Wednesday, February 18th that authorizes the company to repurchase $300.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 5.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Blue Owl Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.37 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.3%. Blue Owl Capital’s dividend payout ratio is 119.35%.

Blue Owl Capital Company 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.