SG Americas Securities LLC Invests $539,000 in Blue Owl Capital Corporation $OBDC

SG Americas Securities LLC bought a new stake in Blue Owl Capital Corporation (NYSE:OBDC) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 42,237 shares of the company’s stock, valued at approximately $539,000.

A number of other hedge funds have also recently added to or reduced their stakes in OBDC. First Horizon Advisors Inc. acquired a new position in shares of Blue Owl Capital during the 2nd quarter valued at about $40,000. Private Trust Co. NA increased its position in Blue Owl Capital by 86.6% during the second quarter. Private Trust Co. NA now owns 3,123 shares of the company’s stock worth $45,000 after purchasing an additional 1,449 shares during the last quarter. Allworth Financial LP increased its position in Blue Owl Capital by 24,533.3% during the second quarter. Allworth Financial LP now owns 3,695 shares of the company’s stock worth $53,000 after purchasing an additional 3,680 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Blue Owl Capital by 106.1% during the second quarter. EverSource Wealth Advisors LLC now owns 8,728 shares of the company’s stock worth $125,000 after purchasing an additional 4,494 shares during the period. Finally, BBR Partners LLC acquired a new position in shares of Blue Owl Capital in the 2nd quarter valued at $148,000. 42.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Blue Owl Capital

In related news, CEO Craig Packer bought 83,200 shares of the company’s stock in a transaction dated Tuesday, November 18th. The stock was bought at an average price of $11.75 per share, with a total value of $977,600.00. Following the transaction, the chief executive officer owned 41,600 shares of the company’s stock, valued at approximately $488,800. This trade represents a -200.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Neena Reddy bought 7,890 shares of the stock in a transaction dated Wednesday, November 26th. The shares were bought at an average cost of $13.06 per share, with a total value of $103,043.40. Following the completion of the acquisition, the vice president directly owned 7,890 shares of the company’s stock, valued at approximately $103,043.40. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.11% of the company’s stock.

Analyst Ratings Changes

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

Blue Owl Capital Trading Down 0.9%

NYSE:OBDC opened at $12.50 on Friday. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 8.86 and a beta of 0.67. Blue Owl Capital Corporation has a one year low of $11.65 and a one year high of $15.73. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 0.72. The business’s 50-day simple moving average is $12.74 and its 200 day simple moving average is $13.34.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. The business had revenue of $453.07 million for the quarter, compared to analyst estimates of $466.81 million. As a group, sell-side analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date was Wednesday, December 31st. Blue Owl Capital’s payout ratio is 104.96%.

Blue Owl Capital 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.