94,628 Shares in Blue Owl Capital Corporation $OBDC Purchased by Dynamic Technology Lab Private Ltd

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake of 94,628 shares in Blue Owl Capital (NYSE:OBDC) during Q3, valued at about $1.21 million, while institutional investors collectively own 42.83% of the stock and Goldman Sachs recently raised its stake to roughly 1.92 million shares.
• Blue Owl's board approved a $300 million share repurchase program (up to 5.1% of outstanding shares) and declared a quarterly dividend of $0.37 per share (12.9% yield), though the dividend payout ratio is an elevated 119.35%.
• In the latest quarter Blue Owl reported EPS of $0.36 (beating estimates by $0.01) while revenue of $439.5 million missed expectations, and analysts' consensus rates the stock a "Moderate Buy" with an average target of $14.06.

Dynamic Technology Lab Private Ltd acquired a new stake in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 94,628 shares of the company's stock, valued at approximately $1,208,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of Blue Owl Capital by 25.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company's stock valued at $28,211,000 after purchasing an additional 384,641 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 during the first quarter worth approximately $6,641,000. Envestnet Asset Management Inc. boosted its position in shares of Blue Owl Capital by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 138,171 shares of the company's stock worth $1,981,000 after buying an additional 1,432 shares during the period. First Horizon Advisors Inc. bought a new position in Blue Owl Capital in the 2nd quarter worth approximately $40,000. Finally, Wedbush Securities Inc. grew its holdings in Blue Owl Capital by 10.4% in the 2nd quarter. Wedbush Securities Inc. now owns 46,850 shares of the company's stock worth $672,000 after buying an additional 4,406 shares in the last quarter. 42.83% of the stock is owned by institutional investors and hedge funds.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $11.49 on Monday. The stock has a market cap of $5.74 billion, a price-to-earnings ratio of 9.27 and a beta of 0.67. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.17 and a quick ratio of 1.17. Blue Owl Capital Corporation has a 12 month low of $10.70 and a 12 month high of $15.36. The stock's 50 day moving average price is $12.01 and its 200 day moving average price is $12.72.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. Blue Owl Capital had a return on equity of 10.07% and a net margin of 33.89%.The firm had revenue of $439.50 million during the quarter, compared to analyst estimates of $454.38 million. Equities research analysts anticipate that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 18th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 5.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.48 annualized dividend and a yield of 12.9%. Blue Owl Capital's dividend payout ratio (DPR) is currently 119.35%.

Analyst Ratings Changes

Several analysts have weighed in on OBDC shares. Zacks Research raised Blue Owl Capital from a "strong sell" rating to a "hold" rating in a research note on Monday, February 23rd. Keefe, Bruyette & Woods decreased their price target on Blue Owl Capital from $13.50 to $12.50 and set a "market perform" rating for the company in a research note on Monday, February 23rd. 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 report on Friday, February 20th. Truist Financial cut their price objective on shares of Blue Owl Capital from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of Blue Owl Capital from a "hold" rating to a "sell" rating in a report on Saturday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $14.06.

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.

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