Carmel Capital Partners LLC Sells 89,988 Shares of Blue Owl Capital Corporation $OBDC

Carmel Capital Partners LLC reduced its holdings in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 46.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 102,726 shares of the company’s stock after selling 89,988 shares during the quarter. Carmel Capital Partners LLC’s holdings in Blue Owl Capital were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of OBDC. Ares Management LLC grew its stake in shares of Blue Owl Capital by 6.5% in the second quarter. Ares Management LLC now owns 2,487,964 shares of the company’s stock worth $35,677,000 after acquiring an additional 151,142 shares during the period. Corient Private Wealth LLC lifted its position in Blue Owl Capital by 38.8% during the second quarter. Corient Private Wealth LLC now owns 1,733,405 shares of the company’s stock valued at $24,957,000 after purchasing an additional 484,327 shares during the period. Tectonic Advisors LLC boosted its holdings in Blue Owl Capital by 20.5% in the third quarter. Tectonic Advisors LLC now owns 924,029 shares of the company’s stock worth $11,800,000 after purchasing an additional 157,024 shares during the last quarter. Arkadios Wealth Advisors grew its position in Blue Owl Capital by 144.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 389,245 shares of the company’s stock worth $4,971,000 after purchasing an additional 230,295 shares during the period. Finally, Financial Gravity Companies Inc. bought a new stake in Blue Owl Capital in the 2nd quarter worth approximately $928,000. 42.83% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Blue Owl Capital news, CEO Craig Packer bought 83,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were bought at an average price of $11.75 per share, with a total value of $977,600.00. Following the purchase, the chief executive officer owned 41,600 shares of the company’s stock, valued at $488,800. This trade represents a -200.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Neena Reddy purchased 7,890 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was acquired at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the completion of the acquisition, the vice president owned 7,890 shares in the company, valued at $103,043.40. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.11% of the company’s stock.

Blue Owl Capital Trading Down 0.2%

Shares of NYSE:OBDC opened at $12.62 on Friday. The stock has a 50 day moving average of $12.72 and a 200 day moving average of $13.35. The company has a market cap of $6.45 billion, a PE ratio of 8.95 and a beta of 0.67. Blue Owl Capital Corporation has a 12-month low of $11.65 and a 12-month high of $15.73. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25.

Blue Owl Capital (NYSE:OBDC) last released its earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The firm had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%. As a group, equities research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a $0.37 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.48 annualized dividend and a yield of 11.7%. Blue Owl Capital’s dividend payout ratio is currently 104.96%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OBDC. Royal Bank Of Canada dropped their price target on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 26th. Citizens Jmp dropped their target price on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating on the stock in a research report on Friday, November 7th. Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Wells Fargo & Company dropped their price objective on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Friday, November 7th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a report on Monday, November 10th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.56.

About Blue Owl Capital

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.