Blue Owl Capital Corporation $OBDC Stock Position Cut by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund reduced its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 31.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,000,000 shares of the company’s stock after selling 4,568,973 shares during the period. Blue Owl Capital accounts for about 1.1% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 15th largest holding. Oregon Public Employees Retirement Fund’s holdings in Blue Owl Capital were worth $104,900,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. FNY Investment Advisers LLC lifted its position in shares of Blue Owl Capital by 440.0% in the second quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company’s stock valued at $29,000 after acquiring an additional 2,200 shares in the last quarter. Latitude Advisors LLC acquired a new stake in shares of Blue Owl Capital in the third quarter worth approximately $42,000. EverSource Wealth Advisors LLC boosted its stake in shares of Blue Owl Capital by 102.7% in the first quarter. EverSource Wealth Advisors LLC now owns 8,159 shares of the company’s stock worth $90,000 after acquiring an additional 4,134 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new stake in shares of Blue Owl Capital in the first quarter worth approximately $96,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of Blue Owl Capital during the second quarter worth approximately $96,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Raymond James Financial set a $11.00 target price on shares of Blue Owl Capital in a research note on Thursday, October 22nd. Lucid Cap Mkts raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, July 24th. Finally, Capital One Financial set a $13.00 target price on shares of Blue Owl Capital in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $12.57.

Blue Owl Capital Stock Down 0.7%

OBDC stock opened at $10.48 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average of $10.67 and a two-hundred day moving average of $11.15. Blue Owl Capital Corporation has a 12 month low of $9.81 and a 12 month high of $13.57. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 18.72 and a beta of 0.66.

Blue Owl Capital (NYSE:OBDC) last issued its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The business had revenue of $396.00 million for the quarter, compared to analysts’ expectations of $394.23 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%. During the same period in the previous year, the firm posted $0.40 EPS. As a group, analysts forecast that Blue Owl Capital Corporation will post 1.30 earnings per share for the current fiscal year.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation (NYSE:OBDC) is a business development company focused on providing financing to middle-market companies. The company is externally managed by Blue Owl Credit Advisors LLC, an affiliate of Blue Owl Capital Inc, and seeks to generate income and capital appreciation through investments in privately negotiated transactions.

OBDC primarily invests in senior secured loans, including first-lien and unitranche debt, as well as second-lien loans and, to a lesser extent, equity investments and other securities.