Ameriflex Group Inc. Buys 46,558 Shares of Blue Owl Capital Corporation $OBDC

Ameriflex Group Inc. grew its stake in Blue Owl Capital Corporation (NYSE:OBDC) by 296.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 62,244 shares of the company’s stock after purchasing an additional 46,558 shares during the quarter. Ameriflex Group Inc.’s holdings in Blue Owl Capital were worth $795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blair William & Co. IL increased its position in shares of Blue Owl Capital by 16.4% during the third quarter. Blair William & Co. IL now owns 60,141 shares of the company’s stock valued at $768,000 after buying an additional 8,467 shares during the period. Per Stirling Capital Management LLC. purchased a new position in shares of Blue Owl Capital during the 3rd quarter worth approximately $255,000. Perennial Investment Advisors LLC grew its holdings in shares of Blue Owl Capital by 1.8% during the 3rd quarter. Perennial Investment Advisors LLC now owns 427,148 shares of the company’s stock worth $5,455,000 after acquiring an additional 7,730 shares during the period. Fiduciary Group LLC raised its position in shares of Blue Owl Capital by 29.9% in the 3rd quarter. Fiduciary Group LLC now owns 59,959 shares of the company’s stock worth $766,000 after acquiring an additional 13,808 shares in the last quarter. Finally, Caz Investments LP purchased a new position in shares of Blue Owl Capital in the 3rd quarter valued at approximately $14,357,000. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Stock Performance

Shares of OBDC stock opened at $11.49 on Friday. 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 company has a 50 day moving average price of $12.01 and a 200-day moving average price of $12.74. Blue Owl Capital Corporation has a 52 week low of $10.70 and a 52 week high of $15.36. The firm has a market capitalization of $5.74 billion, a PE ratio of 9.27 and a beta of 0.67.

Blue Owl Capital (NYSE:OBDC) last issued its 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. The company had revenue of $439.50 million for the quarter, compared to analysts’ expectations of $454.38 million. Blue Owl Capital had a net margin of 33.89% and a return on equity of 10.07%. As a group, equities research analysts expect that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Dividend Announcement

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

Blue Owl Capital declared that its board has initiated a share repurchase program on Wednesday, February 18th that allows the company to repurchase $300.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 5.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on OBDC shares. Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, February 23rd. Wall Street Zen downgraded shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research report on Saturday. Citizens Jmp lowered 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. Wells Fargo & Company cut 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, Royal Bank Of Canada decreased their target price on shares of Blue Owl Capital from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Blue Owl Capital presently has a consensus rating of “Moderate Buy” and an average price target of $14.06.

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.