Allianz Asset Management GmbH Lowers Holdings in Blue Owl Capital Corporation $OBDC

Allianz Asset Management GmbH trimmed its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 43.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,196 shares of the company’s stock after selling 15,538 shares during the period. Allianz Asset Management GmbH’s holdings in Blue Owl Capital were worth $290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in OBDC. Kingstone Capital Partners Texas LLC purchased a new position in shares of Blue Owl Capital in the second quarter valued at about $734,619,000. Oregon Public Employees Retirement Fund lifted its position in shares of Blue Owl Capital by 222.0% in the first quarter. Oregon Public Employees Retirement Fund now owns 16,098,695 shares of the company’s stock valued at $236,007,000 after acquiring an additional 11,098,695 shares in the last quarter. Cresset Asset Management LLC lifted its position in shares of Blue Owl Capital by 85.8% in the first quarter. Cresset Asset Management LLC now owns 8,248,547 shares of the company’s stock valued at $123,979,000 after acquiring an additional 3,809,000 shares in the last quarter. Hamilton Lane Advisors LLC purchased a new position in shares of Blue Owl Capital in the second quarter valued at about $48,845,000. Finally, Trustees of Dartmouth College purchased a new position in shares of Blue Owl Capital in the first quarter valued at about $48,774,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Up 0.2%

Shares of NYSE OBDC opened at $13.23 on Wednesday. The business’s 50 day moving average is $13.45 and its two-hundred day moving average is $14.05. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.80 and a quick ratio of 0.80. Blue Owl Capital Corporation has a 1-year low of $12.04 and a 1-year high of $15.73. The stock has a market capitalization of $6.76 billion, a P/E ratio of 8.76 and a beta of 0.75.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.01. Blue Owl Capital had a return on equity of 11.24% and a net margin of 38.29%.The company had revenue of $485.84 million for the quarter, compared to analysts’ expectations of $480.42 million. As a group, research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.02 per share. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Blue Owl Capital’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a yield of 0.6%. Blue Owl Capital’s payout ratio is presently 98.01%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Zacks Research downgraded Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Finally, LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a research report on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and an average target price of $15.21.

Blue Owl Capital Company 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.