Blue Owl Capital Corporation $OBDC is Caz Investments LP's 5th Largest Position

Key Points

• Caz Investments increased its OBDC stake by 45.3% in the second quarter, making Blue Owl Capital its fifth-largest holding at 3.4% of the portfolio and worth approximately $17.8 million.
• Blue Owl reported quarterly EPS of $0.34, beating estimates by $0.02, while revenue of $396 million also exceeded expectations. Analysts forecast full-year EPS of $1.29.
• The company declared a quarterly dividend of $0.31, equivalent to an annualized $1.24 payout and a 10.9% yield; analysts maintain a “Moderate Buy” consensus with a $13 average price target versus the stock’s $11.42 price.

Caz Investments LP raised its stake in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 45.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,633,305 shares of the company's stock after acquiring an additional 509,000 shares during the period. Blue Owl Capital comprises approximately 3.4% of Caz Investments LP's investment portfolio, making the stock its 5th largest holding. Caz Investments LP owned 0.33% of Blue Owl Capital worth $17,754,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in Blue Owl Capital by 79.6% during the third 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 lifted its stake in shares of Blue Owl Capital by 166.0% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company's stock valued at $27,000 after buying an additional 1,320 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings 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 worth $29,000 after acquiring an additional 2,200 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Blue Owl Capital in the 3rd quarter worth about $30,000. Finally, AG Campbell Advisory LLC bought a new position in shares of Blue Owl Capital in the fourth quarter valued at approximately $36,000. Institutional investors own 42.83% of the company's stock.

Blue Owl Capital Trading Up 0.2%

OBDC opened at $11.42 on Monday. Blue Owl Capital Corporation has a 52 week low of $10.52 and a 52 week high of $14.44. The stock has a market cap of $5.63 billion, a PE ratio of 20.39 and a beta of 0.63. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The business has a 50 day moving average of $11.15 and a 200-day moving average of $11.20.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.02. The firm had revenue of $396.00 million for the quarter, compared to the consensus estimate of $394.23 million. Blue Owl Capital had a net margin of 16.99% and a return on equity of 9.49%. During the same period in the prior year, the firm earned $0.40 EPS. Equities research analysts predict that Blue Owl Capital Corporation will post 1.29 earnings per share for the current fiscal year.

Blue Owl Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 10.9%. The ex-dividend date of this dividend is Wednesday, September 30th. Blue Owl Capital's payout ratio is 14.29%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on OBDC shares. Truist Financial reduced 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. Capital One Financial set a $13.00 target price on shares of Blue Owl Capital in a report on Friday, July 24th. Wall Street Zen upgraded Blue Owl Capital from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Finally, Lucid Cap Mkts raised shares of Blue Owl Capital to a "strong-buy" rating in a research note on Friday, July 24th. One investment 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 company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $13.00.

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.

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