Blue Owl Capital Corporation $OBDC Stock Holdings Increased by Next Capital Management LLC

Next Capital Management LLC raised its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 407.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,584 shares of the company’s stock after acquiring an additional 160,221 shares during the period. Blue Owl Capital makes up 0.8% of Next Capital Management LLC’s holdings, making the stock its 29th largest position. Next Capital Management LLC’s holdings in Blue Owl Capital were worth $2,488,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in OBDC. IFP Advisors Inc raised its stake in Blue Owl Capital by 79.6% during the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after acquiring an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Blue Owl Capital by 166.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after purchasing an additional 1,320 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Blue Owl Capital during the 3rd quarter valued at $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Blue Owl Capital during the 3rd quarter valued at $30,000. Finally, Assetmark Inc. acquired a new position in shares of Blue Owl Capital during the 3rd quarter valued at $38,000. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of NYSE OBDC opened at $11.03 on Monday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 15.75 and a beta of 0.62. The stock’s fifty day simple moving average is $11.21 and its 200 day simple moving average is $11.84. Blue Owl Capital Corporation has a 52-week low of $10.52 and a 52-week high of $15.19.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The company had revenue of $391.00 million during the quarter, compared to analyst estimates of $422.02 million. Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%. As a group, sell-side analysts forecast that Blue Owl Capital Corporation will post 1.27 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date is Tuesday, June 30th. Blue Owl Capital’s payout ratio is presently 211.43%.

Blue Owl Capital declared that its Board of Directors has initiated 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 repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OBDC. Royal Bank Of Canada lowered their price target on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Wall Street Zen cut Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Keefe, Bruyette & Woods lowered their price target on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a research report on Thursday, April 16th. Truist Financial lowered their price target on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company lowered their price target on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

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.