Caprock Group LLC Invests $2.01 Million in Blue Owl Capital Corporation $OBDC

Caprock Group LLC acquired a new stake in Blue Owl Capital Corporation (NYSE:OBDC) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 157,372 shares of the company’s stock, valued at approximately $2,010,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp acquired a new stake in shares of Blue Owl Capital in the 3rd quarter valued at approximately $28,000. First Horizon Advisors Inc. acquired a new stake in Blue Owl Capital in the second quarter worth $40,000. Private Trust Co. NA boosted its position in shares of 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 in the last quarter. Root Financial Partners LLC acquired a new position in shares of Blue Owl Capital in the 3rd quarter valued at $47,000. Finally, Allworth Financial LP increased its position in shares of Blue Owl Capital by 24,533.3% in the 2nd quarter. Allworth Financial LP now owns 3,695 shares of the company’s stock valued at $53,000 after buying an additional 3,680 shares in the last quarter. Institutional investors own 42.83% of the company’s stock.

Insider Transactions at Blue Owl Capital

In other news, CEO Craig Packer bought 83,200 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average cost of $11.75 per share, with a total value of $977,600.00. Following the acquisition, the chief executive officer owned 41,600 shares in the company, 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 Securities & Exchange Commission, which is accessible through this link. Also, VP Neena Reddy purchased 7,890 shares of Blue Owl Capital stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average price of $13.06 per share, with a total value of $103,043.40. Following the acquisition, the vice president directly owned 7,890 shares of the company’s stock, valued at $103,043.40. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. 0.11% of the stock is currently owned by corporate insiders.

Blue Owl Capital Stock Performance

NYSE OBDC opened at $11.48 on Friday. The firm has a market capitalization of $5.86 billion, a P/E ratio of 8.14 and a beta of 0.67. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.25. The firm’s fifty day moving average price is $12.42 and its two-hundred day moving average price is $13.02. Blue Owl Capital Corporation has a 1 year low of $10.70 and a 1 year high of $15.73.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on OBDC shares. Wells Fargo & Company reduced their target price on 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. Royal Bank Of Canada decreased their price objective on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating for the company in a research report on Wednesday, November 26th. Zacks Research downgraded shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Keefe, Bruyette & Woods cut their price target on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating on the stock in a research note on Monday, November 10th. Finally, Citizens Jmp lowered their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.21.

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.