Hsbc Holdings PLC Takes Position in Blue Owl Capital Corporation $OBDC

Hsbc Holdings PLC acquired a new position in Blue Owl Capital Corporation (NYSE:OBDC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 79,600 shares of the company’s stock, valued at approximately $989,000.

Other hedge funds have also recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock valued at $27,000 after purchasing an additional 929 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in Blue Owl Capital by 166.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock worth $27,000 after purchasing an additional 1,320 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Blue Owl Capital during the third quarter worth $30,000. AG Campbell Advisory LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter worth $36,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Blue Owl Capital during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $10.88 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 1.18. Blue Owl Capital Corporation has a 52 week low of $10.52 and a 52 week high of $15.19. The stock has a market capitalization of $5.40 billion, a PE ratio of 15.54 and a beta of 0.62. The firm has a 50 day moving average of $11.07 and a two-hundred day moving average of $11.47.

Blue Owl Capital (NYSE:OBDC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.04). Blue Owl Capital had a return on equity of 9.76% and a net margin of 20.21%.The business had revenue of $391.00 million during the quarter, compared to analyst estimates of $422.02 million. On average, research analysts predict that Blue Owl Capital Corporation will post 1.27 EPS 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. The ex-dividend date is Tuesday, June 30th. This represents a $1.24 dividend on an annualized basis and a yield of 11.4%. Blue Owl Capital’s dividend payout ratio (DPR) is 177.14%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OBDC shares. Keefe, Bruyette & Woods cut their price objective on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating on the stock in a report on Thursday, April 16th. Wall Street Zen cut Blue Owl Capital from a “hold” rating to a “sell” rating in a report on Sunday. Truist Financial dropped their target price on Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, May 19th. Finally, Wells Fargo & Company cut their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.