California State Teachers Retirement System Raises Stock Holdings in Blue Owl Capital Corporation $OBDC

California State Teachers Retirement System grew its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 987.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 178,765,063 shares of the company's stock after acquiring an additional 162,319,335 shares during the quarter. California State Teachers Retirement System owned about 36.25% of Blue Owl Capital worth $1,943,176,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. IFP Advisors Inc lifted its stake in shares of Blue Owl Capital by 79.6% in the 3rd quarter. IFP Advisors Inc now owns 2,096 shares of the company's stock valued at $27,000 after purchasing an additional 929 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Blue Owl Capital by 166.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company's stock valued at $27,000 after purchasing an additional 1,320 shares during the period. FNY Investment Advisers LLC boosted its stake in shares of Blue Owl Capital by 440.0% during the second 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 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 Blue Owl Capital in the 4th quarter worth about $36,000. Institutional investors own 42.83% of the company's stock.

Wall Street Analyst Weigh In

OBDC has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Blue Owl Capital from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. Truist Financial lowered their price target on shares of Blue Owl Capital from $15.00 to $13.00 and set a "buy" rating on the stock in a report on Tuesday, May 19th. Capital One Financial set a $13.00 price objective on shares of Blue Owl Capital in a research report on Friday, July 24th. Finally, Lucid Cap Mkts raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Friday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $13.00.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $11.10 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 1.12. Blue Owl Capital Corporation has a twelve month low of $10.52 and a twelve month high of $14.31. The stock has a 50-day moving average of $11.18 and a 200 day moving average of $11.19. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 19.81 and a beta of 0.63.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly 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 analyst estimates 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 previous year, the business posted $0.40 earnings per share. Sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.29 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company 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 dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 11.2%. Blue Owl Capital's dividend payout ratio is presently 14.29%.

Blue Owl Capital Company Profile

Blue Owl Capital Corporation NYSE: OBDC is a business development company that provides financing to privately held, primarily U.S.-based middle-market companies. The company seeks to generate income and long-term capital appreciation by investing in businesses across a range of industries.

OBDC's portfolio primarily consists of first-lien senior secured loans, with additional investments in second-lien loans and, to a lesser extent, equity interests and other securities. Its financing solutions may support acquisitions, recapitalizations, refinancing, growth initiatives and other corporate purposes.

The company was formerly known as Owl Rock Capital Corporation and operates under an investment management agreement with an affiliate of Blue Owl Capital, a global alternative asset manager.

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