Rockefeller Capital Management L.P. Boosts Stake in Blue Owl Capital Corporation $OBDC

Rockefeller Capital Management L.P. grew its position in Blue Owl Capital Corporation (NYSE:OBDC) by 7.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 656,632 shares of the company’s stock after buying an additional 46,618 shares during the quarter. Rockefeller Capital Management L.P. owned 0.13% of Blue Owl Capital worth $9,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its position in shares of Blue Owl Capital by 18.8% during the 2nd quarter. Cetera Investment Advisers now owns 250,323 shares of the company’s stock worth $3,590,000 after purchasing an additional 39,620 shares during the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of Blue Owl Capital during the second quarter worth approximately $285,000. Accredited Investors Inc. increased its holdings in shares of Blue Owl Capital by 90.2% in the second quarter. Accredited Investors Inc. now owns 31,628 shares of the company’s stock valued at $454,000 after purchasing an additional 15,000 shares during the period. Samalin Investment Counsel LLC raised its holdings in Blue Owl Capital by 6.2% during the second quarter. Samalin Investment Counsel LLC now owns 82,519 shares of the company’s stock worth $1,183,000 after purchasing an additional 4,834 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Blue Owl Capital by 24,533.3% in the second 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 during the period. 42.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on OBDC. 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 report on Friday, November 7th. LADENBURG THALM/SH SH raised shares of Blue Owl Capital to a “strong-buy” rating in a research note on Friday, August 8th. Keefe, Bruyette & Woods lowered their price objective on Blue Owl Capital from $14.50 to $13.50 and set a “market perform” rating for the company in a research report on Monday, November 10th. Zacks Research lowered shares of Blue Owl Capital from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Finally, Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the stock an “outperform” rating in a research report on Tuesday, October 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Blue Owl Capital currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.81.

Blue Owl Capital Price Performance

Shares of NYSE OBDC opened at $11.99 on Thursday. The business’s fifty day moving average price is $12.85 and its two-hundred day moving average price is $13.88. The firm has a market capitalization of $6.12 billion, a PE ratio of 8.50 and a beta of 0.74. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.72 and a quick ratio of 0.72. Blue Owl Capital Corporation has a 1-year low of $11.65 and a 1-year high of $15.73.

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

Blue Owl Capital Dividend Announcement

The firm 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. This represents a $1.48 annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Blue Owl Capital’s payout ratio is presently 104.96%.

Insider Activity at Blue Owl Capital

In related news, CEO Craig Packer purchased 83,200 shares of the stock in a transaction dated Tuesday, November 18th. The shares were acquired at an average cost of $11.75 per share, for a total transaction of $977,600.00. Following the acquisition, the chief executive officer directly owned 41,600 shares in the company, valued at approximately $488,800. The trade was a -200.00% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.11% of the company’s stock.

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.