Private Management Group Inc. Has $44.10 Million Stock Holdings in Blue Owl Capital Corporation $OBDC

Key Points

• Private Management Group increased its Blue Owl Capital position by 5.5% in the second quarter, holding 4.06 million shares worth approximately $44.1 million. Institutional investors and hedge funds collectively own 42.83% of OBDC.
• Analysts have a consensus “Moderate Buy” rating with an average price target of $13.00, compared with the stock’s recent price of $11.30.
• Blue Owl Capital exceeded quarterly earnings and revenue expectations, reporting $0.34 in EPS and $396 million in revenue. The company declared a $0.31 quarterly dividend, representing an annualized yield of approximately 11.0%.

Private Management Group Inc. grew its position in shares of Blue Owl Capital Corporation (NYSE:OBDC - Free Report) by 5.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,056,747 shares of the company's stock after acquiring an additional 212,119 shares during the quarter. Blue Owl Capital accounts for 1.2% of Private Management Group Inc.'s holdings, making the stock its 16th biggest position. Private Management Group Inc. owned approximately 0.82% of Blue Owl Capital worth $44,097,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. IFP Advisors Inc increased its stake in 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 buying an additional 929 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of Blue Owl Capital by 166.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company's stock valued at $27,000 after acquiring an additional 1,320 shares during the last quarter. FNY Investment Advisers LLC raised its holdings in Blue Owl Capital by 440.0% during 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Blue Owl Capital during the third quarter valued at approximately $30,000. Finally, AG Campbell Advisory LLC bought a new position in Blue Owl Capital in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OBDC. Wells Fargo & Company lowered their price target on Blue Owl Capital from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Friday, May 8th. Capital One Financial set a $13.00 target price on shares of Blue Owl Capital in a research note on Friday, July 24th. Truist Financial lowered their target price 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. Wall Street Zen upgraded shares of Blue Owl Capital from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Finally, Lucid Cap Mkts raised shares of Blue Owl Capital to a "strong-buy" rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $13.00.

Blue Owl Capital Price Performance

Shares of OBDC opened at $11.30 on Friday. The firm has a market capitalization of $5.57 billion, a PE ratio of 20.18 and a beta of 0.62. The company's 50-day moving average is $11.08 and its 200-day moving average is $11.21. Blue Owl Capital Corporation has a fifty-two week low of $10.52 and a fifty-two week high of $14.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.65.

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

Blue Owl Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.24 annualized dividend and a yield of 11.0%. Blue Owl Capital's dividend payout ratio (DPR) is 221.43%.

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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