Focus Partners Advisor Solutions LLC Buys 64,159 Shares of Blue Owl Capital Corporation $OBDC

Focus Partners Advisor Solutions LLC lifted its position in Blue Owl Capital Corporation (NYSE:OBDC) by 168.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,307 shares of the company’s stock after buying an additional 64,159 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Blue Owl Capital were worth $1,236,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its stake in Blue Owl Capital by 25.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,924,363 shares of the company’s stock valued at $28,211,000 after acquiring an additional 384,641 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in Blue Owl Capital during the 1st quarter worth approximately $6,641,000. Envestnet Asset Management Inc. lifted its stake in Blue Owl Capital by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 138,171 shares of the company’s stock worth $1,981,000 after purchasing an additional 1,432 shares in the last quarter. First Horizon Advisors Inc. purchased a new stake in Blue Owl Capital in the 2nd quarter worth approximately $40,000. Finally, Ethos Financial Group LLC boosted its holdings in Blue Owl Capital by 12.5% in the 2nd quarter. Ethos Financial Group LLC now owns 47,328 shares of the company’s stock valued at $679,000 after purchasing an additional 5,240 shares during the period. 42.83% of the stock is currently owned by institutional investors.

Blue Owl Capital Stock Down 0.6%

OBDC opened at $11.49 on Friday. The business’s fifty day simple moving average is $12.01 and its 200 day simple moving average is $12.74. Blue Owl Capital Corporation has a 52 week low of $10.70 and a 52 week high of $15.36. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 1.26. The stock has a market cap of $5.74 billion, a PE ratio of 9.27 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Blue Owl Capital had a return on equity of 10.07% and a net margin of 33.89%.The firm had revenue of $439.50 million during the quarter, compared to analyst estimates of $454.38 million. As a group, research analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current fiscal year.

Blue Owl Capital declared that its Board of Directors has approved a share repurchase plan on Wednesday, February 18th that allows the company to buyback $300.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 5.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Blue Owl Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.37 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.48 dividend on an annualized basis and a yield of 12.9%. Blue Owl Capital’s payout ratio is presently 119.35%.

Analysts Set New Price Targets

A number of research analysts have recently commented on OBDC shares. Citizens Jmp reduced their price target on shares of Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research report on Friday, November 7th. Royal Bank Of Canada lowered their price objective on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Friday, February 20th. Wall Street Zen lowered Blue Owl Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company reduced their target price on Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Friday, November 7th. Finally, Keefe, Bruyette & Woods decreased their target price on Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating on the stock in a research note on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.06.

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.