Blue Owl Capital (NYSE:OBDC) Director Acquires $11,340.00 in Stock

Key Points

• Director Eric Kaye bought 1,000 OBDC shares at an average price of $11.34, investing $11,340 and increasing his direct ownership by 4.73% to 22,144 shares.
• Blue Owl Capital reported quarterly EPS of $0.34, exceeding the $0.32 consensus estimate, while revenue of $396 million slightly surpassed expectations.
• The company declared a quarterly dividend of $0.31, equivalent to $1.24 annually and a 10.7% yield. Analysts maintain a “Moderate Buy” consensus with a $13.00 average price target.

Blue Owl Capital Corporation (NYSE:OBDC - Get Free Report) Director Eric Kaye bought 1,000 shares of the business's stock in a transaction that occurred on Friday, August 28th. The shares were acquired at an average price of $11.34 per share, with a total value of $11,340.00. Following the completion of the transaction, the director directly owned 22,144 shares of the company's stock, valued at $251,112.96. This trade represents a 4.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Blue Owl Capital Stock Performance

OBDC traded up $0.25 during trading on Monday, hitting $11.55. The company's stock had a trading volume of 6,311,367 shares, compared to its average volume of 4,828,157. The business's 50 day simple moving average is $11.08 and its 200-day simple moving average is $11.21. The firm has a market cap of $5.70 billion, a PE ratio of 20.62 and a beta of 0.62. Blue Owl Capital Corporation has a one year low of $10.52 and a one year high of $14.44. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 1.12.

Blue Owl Capital (NYSE:OBDC - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $396.00 million during the quarter, compared to analyst estimates of $394.23 million. Blue Owl Capital had a return on equity of 9.49% and a net margin of 16.99%.During the same period in the prior year, the business posted $0.40 EPS. As a group, sell-side analysts predict 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. Investors of record on Wednesday, September 30th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 10.7%. The ex-dividend date of this dividend is Wednesday, September 30th. Blue Owl Capital's dividend payout ratio is currently 14.29%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OBDC shares. Capital One Financial set a $13.00 price target on shares of Blue Owl Capital in a research report on Friday, July 24th. Wells Fargo & Company decreased their price target on shares of Blue Owl Capital from $12.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Friday, May 8th. Truist Financial dropped their price objective on shares of Blue Owl Capital from $15.00 to $13.00 and set a "buy" rating for the company in a report on Tuesday, May 19th. Lucid Cap Mkts upgraded Blue Owl Capital to a "strong-buy" rating in a research report on Friday, July 24th. Finally, Wall Street Zen raised Blue Owl Capital from a "sell" rating to a "hold" rating in a report on Saturday, July 25th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $13.00.

Institutional Investors Weigh In On Blue Owl Capital

A number of hedge funds have recently bought and sold shares of OBDC. IFP Advisors Inc grew 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 worth $27,000 after buying an additional 929 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position 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 lifted its holdings in shares of Blue Owl Capital by 440.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 2,700 shares of the company's stock valued at $29,000 after acquiring an additional 2,200 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Blue Owl Capital in the 3rd quarter valued at about $30,000. Finally, AG Campbell Advisory LLC purchased a new position in Blue Owl Capital in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 42.83% of the company's stock.

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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