M&G PLC Reduces Holdings in Blue Owl Capital Corporation $OBDC

M&G PLC reduced its position in Blue Owl Capital Corporation (NYSE:OBDC) by 33.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 327,000 shares of the company’s stock after selling 163,000 shares during the period. M&G PLC owned 0.06% of Blue Owl Capital worth $4,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. SVB Wealth LLC bought a new position in Blue Owl Capital in the 1st quarter worth approximately $28,000. First Horizon Advisors Inc. bought a new position in shares of Blue Owl Capital in the second quarter valued at approximately $40,000. Private Trust Co. NA lifted its stake in Blue Owl Capital by 86.6% in the 2nd 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. Allworth Financial LP grew its position in shares of Blue Owl Capital by 24,533.3% during the 2nd quarter. Allworth Financial LP now owns 3,695 shares of the company’s stock valued at $53,000 after purchasing an additional 3,680 shares in the last quarter. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of Blue Owl Capital in the first quarter worth $59,000. Institutional investors own 42.83% of the company’s stock.

Blue Owl Capital Trading Down 1.0%

OBDC opened at $11.98 on Friday. Blue Owl Capital Corporation has a one year low of $11.90 and a one year high of $15.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50 day simple moving average of $13.04 and a two-hundred day simple moving average of $13.94. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 8.49 and a beta of 0.74.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results on Wednesday, November 5th. The company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.03). The business had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a net margin of 36.89% and a return on equity of 10.58%. Analysts predict that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 12.4%. Blue Owl Capital’s payout ratio is currently 104.96%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on OBDC. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Raymond James Financial set a $14.00 price objective on Blue Owl Capital and gave the company an “outperform” rating in a report on Tuesday, October 7th. Wells Fargo & Company decreased their price target on shares of Blue Owl Capital from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Friday, November 7th. Keefe, Bruyette & Woods lowered their price target on shares of Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research note on Monday. Finally, LADENBURG THALM/SH SH upgraded Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Blue Owl Capital presently has an average rating of “Moderate Buy” and a consensus target price of $14.81.

About Blue Owl Capital

Blue Owl Capital Corporation is a business development company. It specializes in direct and fund of fund investments. The fund makes investments in senior secured, direct lending or unsecured loans, subordinated loans or mezzanine loans and also considers equity-related securities including warrants and preferred stocks also pursues preferred equity investments, first lien, unitranche, and second lien term loans and common equity investments.