LSV Asset Management Sells 510,700 Shares of Blue Owl Capital Corporation $OBDC

LSV Asset Management reduced its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 13.6% in the third quarter, HoldingsChannel.com reports. The fund owned 3,239,147 shares of the company’s stock after selling 510,700 shares during the quarter. LSV Asset Management’s holdings in Blue Owl Capital were worth $41,364,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Caprock Group LLC bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $2,010,000. Advisors Asset Management Inc. lifted its stake in Blue Owl Capital by 6.1% in the third quarter. Advisors Asset Management Inc. now owns 525,219 shares of the company’s stock valued at $6,707,000 after buying an additional 30,360 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Blue Owl Capital by 16.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 33,488 shares of the company’s stock worth $428,000 after buying an additional 4,706 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Blue Owl Capital during the 3rd quarter worth approximately $899,000. Finally, Baader Bank Aktiengesellschaft bought a new stake in shares of Blue Owl Capital in the 3rd quarter valued at $206,000. 42.83% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, VP Neena Reddy bought 7,890 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average price of $13.06 per share, with a total value of $103,043.40. Following the completion of the transaction, the vice president directly owned 7,890 shares in the company, valued at approximately $103,043.40. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Craig Packer purchased 83,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $11.75 per share, with a total value of $977,600.00. Following the acquisition, 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 position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.11% of the company’s stock.

Blue Owl Capital Trading Down 3.2%

NYSE:OBDC opened at $11.48 on Friday. 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 one year low of $10.70 and a one year high of $15.73. The company has a market cap of $5.86 billion, a PE ratio of 8.14 and a beta of 0.67. The firm has a 50-day moving average of $12.42 and a 200-day moving average of $13.02.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on OBDC shares. Keefe, Bruyette & Woods cut their target price 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 shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Citizens Jmp reduced their target price on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research note on Friday, November 7th. Wells Fargo & Company dropped their price target on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Finally, Royal Bank Of Canada reduced their price objective on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital currently has an average rating of “Moderate Buy” and a consensus target price of $14.21.

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.