Blue Owl Capital Corporation $OBDC Stock Holdings Increased by Columbus Macro LLC

Key Points

• Columbus Macro LLC increased its Blue Owl Capital holdings by 51.5% in the third quarter, reaching 594,121 shares valued at approximately $6.2 million. Institutional investors collectively own 42.83% of OBDC.
• Blue Owl Capital reported quarterly earnings of $0.34 per share, exceeding the $0.32 analyst consensus, while revenue of $396 million also topped estimates. The stock recently traded at $10.10, near its 52-week low of $9.81.
• The company declared a quarterly dividend of $0.31 per share, equivalent to $1.24 annually and a stated yield of 12.3%. Analysts give OBDC a “Moderate Buy” consensus rating with an average price target of $12.83.

Columbus Macro LLC grew its holdings in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 51.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 594,121 shares of the company's stock after acquiring an additional 201,918 shares during the period. Columbus Macro LLC owned 0.12% of Blue Owl Capital worth $6,232,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. FNY Investment Advisers LLC raised its holdings in shares of Blue Owl Capital by 440.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company's stock valued at $29,000 after purchasing an additional 2,200 shares in the last quarter. AG Campbell Advisory LLC acquired a new stake in shares of Blue Owl Capital in the 4th quarter valued at $36,000. Caitong International Asset Management Co. Ltd boosted its holdings in Blue Owl Capital by 51.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,208 shares of the company's stock worth $40,000 after purchasing an additional 1,093 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in 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 purchasing an additional 4,134 shares in the last quarter. Finally, Catalyst Capital Advisors LLC bought a new stake in Blue Owl Capital in the first quarter worth $96,000. 42.83% of the stock is owned by institutional investors.

Blue Owl Capital Stock Performance

NYSE OBDC traded up $0.03 during trading on Wednesday, hitting $10.10. The company's stock had a trading volume of 3,952,744 shares, compared to its average volume of 4,616,521. 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 firm has a 50 day moving average price of $11.06 and a 200 day moving average price of $11.07. The firm has a market cap of $4.98 billion, a P/E ratio of 18.03 and a beta of 0.64. Blue Owl Capital Corporation has a 52 week low of $9.81 and a 52 week high of $13.57.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $394.23 million. During the same period in the previous year, the company earned $0.40 earnings per share. Equities research analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 12.3%. The ex-dividend date is Wednesday, September 30th. Blue Owl Capital's dividend payout ratio (DPR) is currently 221.43%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wall Street Zen raised Blue Owl Capital from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Capital One Financial set a $13.00 price target on Blue Owl Capital in a research note on Friday, July 24th. Finally, Lucid Cap Mkts raised Blue Owl Capital to a "strong-buy" rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $12.83.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation NYSE: OBDC is a business development company that provides financing to middle-market companies. The company invests primarily in privately held businesses through senior secured loans, including first-lien and unitranche loans, as well as second-lien debt, subordinated debt and equity investments.

OBDC's investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. Its portfolio companies operate across a range of industries, and the company generally focuses on established businesses that may have limited access to traditional financing sources.

The company was formed as Owl Rock Capital Corporation and began operations in 2016.

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