Argentarii LLC Takes $597,000 Position in Blue Owl Capital Corporation $OBDC

Argentarii LLC purchased a new stake in shares of Blue Owl Capital Corporation (NYSE:OBDC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 48,000 shares of the company’s stock, valued at approximately $597,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. IFP Advisors Inc increased its position in Blue Owl Capital by 79.6% in the third 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 stake in 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 worth $27,000 after acquiring an additional 1,320 shares during the period. Atlantic Union Bankshares Corp bought a new stake in Blue Owl Capital during the 3rd quarter worth approximately $28,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Blue Owl Capital during the third quarter valued at approximately $30,000. Finally, Assetmark Inc. bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at $38,000. 42.83% of the stock is currently owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 1.4%

Shares of NYSE OBDC opened at $11.09 on Friday. Blue Owl Capital Corporation has a 1-year low of $10.70 and a 1-year high of $15.31. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.17 and a quick ratio of 1.17. The business’s 50 day moving average is $11.64 and its two-hundred day moving average is $12.45. The stock has a market capitalization of $5.54 billion, a P/E ratio of 8.94 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 analysts’ consensus estimates 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 company had revenue of $439.50 million during the quarter, compared to the consensus estimate of $454.38 million. As a group, research analysts expect that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital announced that its board has authorized a stock buyback plan on Wednesday, February 18th that authorizes the company to buyback $300.00 million in shares. This buyback authorization authorizes the company to buy up to 5.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.37 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.4%. Blue Owl Capital’s dividend payout ratio is presently 119.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Blue Owl Capital from a “sell” rating to a “hold” rating in a research note on Saturday, March 21st. Royal Bank Of Canada cut their target price on Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Truist Financial decreased their target price on Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Finally, Keefe, Bruyette & Woods cut their target price on shares of Blue Owl Capital from $13.50 to $12.50 and set a “market perform” rating for the company in a research note on Monday, February 23rd. Two 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’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.06.

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.