Lido Advisors LLC Has $4.24 Million Stock Position in Blue Owl Capital Corporation $OBDC

Lido Advisors LLC lowered its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 30.2% during the first quarter, HoldingsChannel reports. The fund owned 371,358 shares of the company’s stock after selling 160,871 shares during the quarter. Lido Advisors LLC’s holdings in Blue Owl Capital were worth $4,239,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. IFP Advisors Inc lifted its position in shares of Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock worth $27,000 after acquiring an additional 929 shares during the period. Caitong International Asset Management Co. Ltd increased its position in shares of 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 valued at $27,000 after purchasing an additional 1,320 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Blue Owl Capital in the third quarter valued at $30,000. AG Campbell Advisory LLC acquired a new position in shares of Blue Owl Capital in the fourth quarter valued at $36,000. Finally, FNY Investment Advisers LLC acquired a new stake in Blue Owl Capital during the fourth quarter worth $44,000. 42.83% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Blue Owl Capital Price Performance

Shares of Blue Owl Capital stock opened at $10.78 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.39 and a beta of 0.62. Blue Owl Capital Corporation has a 1-year low of $10.52 and a 1-year high of $14.89. The firm’s 50-day moving average price is $10.99 and its two-hundred day moving average price is $11.38.

Blue Owl Capital (NYSE:OBDC) last posted 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 firm had revenue of $391.00 million during the quarter, compared to the consensus estimate of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. On average, equities analysts predict that Blue Owl Capital Corporation will post 1.27 earnings per share for the current fiscal year.

Blue Owl Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.24 dividend on an annualized basis and a yield of 11.5%. Blue Owl Capital’s payout ratio is currently 177.14%.

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.