Insider Buying: Blue Owl Capital (NYSE:OBDC) Director Purchases $11,340.00 in Stock

Blue Owl Capital Corporation (NYSE:OBDC) Director Eric Kaye purchased 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 28th. The shares were purchased at an average cost of $11.34 per share, for a total transaction of $11,340.00. Following the purchase, the director directly owned 22,144 shares in the company, valued at $251,112.96. This trade represents a 4.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $11.38 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50-day moving average of $11.12 and a two-hundred day moving average of $11.20. The stock has a market cap of $5.61 billion, a P/E ratio of 20.31 and a beta of 0.63. Blue Owl Capital Corporation has a 1-year low of $10.52 and a 1-year high of $14.44.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.02. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.The company had revenue of $396.00 million during the quarter, compared to the consensus estimate of $394.23 million. During the same period last year, the firm earned $0.40 earnings per share. On average, research analysts expect that Blue Owl Capital Corporation will post 1.29 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 10.9%. The ex-dividend date is Wednesday, September 30th. Blue Owl Capital’s dividend payout ratio (DPR) is 14.29%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OBDC shares. Capital One Financial set a $13.00 target price on Blue Owl Capital in a research report on Friday, July 24th. Wells Fargo & Company decreased their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Truist Financial dropped their price target on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Wall Street Zen raised shares of Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Lucid Cap Mkts upgraded shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $13.00.

Institutional Trading of Blue Owl Capital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Caz Investments LP raised its stake in Blue Owl Capital by 45.3% during the second quarter. Caz Investments LP now owns 1,633,305 shares of the company’s stock valued at $17,754,000 after buying an additional 509,000 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Blue Owl Capital by 987.0% in the 2nd quarter. California State Teachers Retirement System now owns 178,765,063 shares of the company’s stock worth $1,943,176,000 after acquiring an additional 162,319,335 shares in the last quarter. VPR Management LLC increased its holdings in shares of Blue Owl Capital by 2.0% in the 2nd quarter. VPR Management LLC now owns 52,407 shares of the company’s stock valued at $570,000 after acquiring an additional 1,046 shares during the last quarter. Wedmont Private Capital increased its holdings in shares of Blue Owl Capital by 64.9% in the 2nd quarter. Wedmont Private Capital now owns 23,818 shares of the company’s stock valued at $261,000 after acquiring an additional 9,376 shares during the last quarter. Finally, HB Wealth Management LLC raised its position in shares of Blue Owl Capital by 5.6% during the 2nd quarter. HB Wealth Management LLC now owns 335,367 shares of the company’s stock valued at $3,645,000 after acquiring an additional 17,832 shares in the last quarter. 42.83% of the stock is owned by institutional investors.

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.