120,835 Blue Owl Capital Corporation $OBDC Shares Bought by Private Management Group Inc.

Private Management Group Inc. increased its position in Blue Owl Capital Corporation (NYSE:OBDC) by 3.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 4,177,582 shares of the company’s stock after purchasing an additional 120,835 shares during the period. Blue Owl Capital makes up 1.1% of Private Management Group Inc.’s holdings, making the stock its 13th biggest holding. Private Management Group Inc.’s holdings in Blue Owl Capital were worth $43,823,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OBDC. Sound Income Strategies LLC boosted its position in Blue Owl Capital by 32.0% during the 3rd quarter. Sound Income Strategies LLC now owns 5,549,823 shares of the company’s stock valued at $56,442,000 after buying an additional 1,345,081 shares during the period. OMERS ADMINISTRATION Corp grew its holdings in Blue Owl Capital by 71.3% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,085,234 shares of the company’s stock worth $34,123,000 after acquiring an additional 1,284,222 shares during the last quarter. Next Capital Management LLC increased its position in shares of Blue Owl Capital by 610.9% in the first quarter. Next Capital Management LLC now owns 1,418,819 shares of the company’s stock valued at $15,789,000 after acquiring an additional 1,219,235 shares during the period. Rivernorth Capital Management LLC increased its position in shares of Blue Owl Capital by 181.6% in the first quarter. Rivernorth Capital Management LLC now owns 1,426,822 shares of the company’s stock valued at $15,781,000 after acquiring an additional 920,180 shares during the period. Finally, Sona Asset Management US LLC purchased a new position in shares of Blue Owl Capital in the first quarter valued at about $9,799,000. 42.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

OBDC has been the subject of several recent analyst reports. Wall Street Zen raised shares of 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 research note on Friday, July 24th. Lucid Cap Mkts upgraded Blue Owl Capital to a “strong-buy” rating in a report on Friday, July 24th. Finally, Raymond James Financial set a $11.00 price target on Blue Owl Capital in a research report on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.17.

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $11.14 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. The company has a market cap of $5.50 billion, a PE ratio of 16.39 and a beta of 0.66. The business has a 50 day moving average of $10.64 and a 200 day moving average of $11.11. Blue Owl Capital Corporation has a 52 week low of $9.81 and a 52 week high of $13.57.

Blue Owl Capital (NYSE:OBDC) last announced its quarterly earnings results on Wednesday, November 4th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The company had revenue of $392.06 million during the quarter, compared to analyst estimates of $383.82 million. Blue Owl Capital had a return on equity of 9.34% and a net margin of 20.79%. As a group, equities research analysts forecast that Blue Owl Capital Corporation will post 1.30 earnings per share for the current year.

Blue Owl Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be given a $0.31 dividend. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.24 annualized dividend and a dividend yield of 11.1%. This is a positive change from Blue Owl Capital’s previous quarterly dividend of $0.01. Blue Owl Capital’s dividend payout ratio is 182.35%.

About Blue Owl Capital

Blue Owl Capital Corporation (NYSE: OBDC) is a business development company that provides financing to middle-market businesses. It invests primarily in privately held U.S. companies, with a focus on lending and other credit investments.

The company’s portfolio includes senior secured loans, unitranche and second-lien loans, and, to a lesser extent, equity investments. Its financing can support companies’ growth, acquisitions, recapitalizations, and other business needs.

Originally established as Owl Rock Capital Corporation, the company is externally managed by Blue Owl Credit Advisors, an affiliate of alternative asset manager Blue Owl Capital.