Boston Partners Acquires 380,973 Shares of Blue Owl Capital Corporation (NYSE:OBDC)

Key Points

• Boston Partners increased its stake in Blue Owl Capital Corporation by 23.1%, holding 2,029,074 shares valued at approximately $29.47 million as of the end of Q1.
• Several institutional investors have ramped up their investments in Blue Owl Capital, with Oregon Public Employees Retirement Fund increasing its position by 222% to own 16,098,695 shares, worth about $236 million.
• Analysts have mixed views on Blue Owl Capital's stock, with a consensus rating of "Buy" and an average price target of $15.42, while Wells Fargo recently lowered its target from $15.00 to $14.00.

Boston Partners lifted its position in Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 23.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,029,074 shares of the company's stock after acquiring an additional 380,973 shares during the quarter. Boston Partners owned approximately 0.40% of Blue Owl Capital worth $29,469,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the business. Anchor Investment Management LLC increased its stake in shares of Blue Owl Capital by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 3,000 shares of the company's stock valued at $45,000 after buying an additional 1,500 shares in the last quarter. Roxbury Financial LLC acquired a new position in shares of Blue Owl Capital during the 1st quarter worth approximately $50,000. Lazard Asset Management LLC acquired a new position in shares of Blue Owl Capital during the 4th quarter worth $49,000. Zions Bancorporation National Association UT acquired a new position in shares of Blue Owl Capital in the first quarter valued at approximately $59,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Blue Owl Capital during the 1st quarter worth about $61,000. 42.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on OBDC. Wells Fargo & Company lowered their target price on shares of Blue Owl Capital from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Royal Bank Of Canada reiterated an "outperform" rating and set a $16.00 price target on shares of Blue Owl Capital in a report on Thursday, May 15th. LADENBURG THALM/SH SH upgraded Blue Owl Capital to a "strong-buy" rating in a research report on Friday, August 8th. Finally, B. Riley initiated coverage on shares of Blue Owl Capital in a research report on Tuesday, May 13th. They set a "buy" rating and a $15.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, Blue Owl Capital has a consensus rating of "Buy" and a consensus price target of $15.42.

Blue Owl Capital Price Performance

Blue Owl Capital stock traded down $0.16 during midday trading on Friday, reaching $14.14. The company's stock had a trading volume of 3,039,557 shares, compared to its average volume of 2,623,227. Blue Owl Capital Corporation has a fifty-two week low of $12.11 and a fifty-two week high of $15.73. The firm has a market capitalization of $7.23 billion, a PE ratio of 9.36 and a beta of 0.74. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.80 and a current ratio of 0.80. The stock's 50 day simple moving average is $14.52 and its 200 day simple moving average is $14.52.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.01. The firm had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%. On average, equities research analysts forecast that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.37 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.48 annualized dividend and a dividend yield of 10.5%. Blue Owl Capital's dividend payout ratio is 98.01%.

Insider Activity at Blue Owl Capital

In other Blue Owl Capital news, Director Victor Woolridge acquired 6,915 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was acquired at an average price of $14.45 per share, with a total value of $99,921.75. Following the transaction, the director owned 28,191 shares of the company's stock, valued at approximately $407,359.95. This trade represents a 32.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.11% of the stock is currently owned by company insiders.

Blue Owl Capital Profile

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.