Sanctuary Advisors LLC Sells 54,651 Shares of Blue Owl Capital Corporation $OBDC

Sanctuary Advisors LLC reduced its position in shares of Blue Owl Capital Corporation (NYSE:OBDC) by 19.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 231,266 shares of the company’s stock after selling 54,651 shares during the quarter. Sanctuary Advisors LLC’s holdings in Blue Owl Capital were worth $2,875,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in OBDC. Balyasny Asset Management L.P. bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $25,266,000. Marshall Wace LLP bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $17,818,000. Caz Investments LP bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at about $14,357,000. Bank of America Corp DE grew its stake in shares of Blue Owl Capital by 6.5% during the 3rd quarter. Bank of America Corp DE now owns 13,275,411 shares of the company’s stock valued at $169,527,000 after acquiring an additional 811,973 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Blue Owl Capital by 6.0% during the 3rd quarter. Van ECK Associates Corp now owns 13,364,378 shares of the company’s stock valued at $170,663,000 after acquiring an additional 757,203 shares during the period. 42.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods cut their price objective on Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a research note on Thursday, April 16th. Truist Financial cut their price objective on Blue Owl Capital from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Monday, February 23rd. Royal Bank Of Canada cut their price objective on 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. Wall Street Zen raised Blue Owl Capital from a “sell” rating to a “hold” rating in a report on Saturday, March 21st. Finally, Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.71.

Blue Owl Capital Stock Up 1.2%

NYSE OBDC opened at $11.86 on Friday. The stock’s 50 day moving average is $11.29 and its 200 day moving average is $12.08. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 1.26. Blue Owl Capital Corporation has a 12 month low of $10.52 and a 12 month high of $15.19. The stock has a market cap of $5.89 billion, a PE ratio of 9.57 and a beta of 0.64.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data 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 business had revenue of $439.50 million for the quarter, compared to analysts’ expectations of $454.38 million. Blue Owl Capital had a return on equity of 10.07% and a net margin of 33.89%. Research analysts predict that Blue Owl Capital Corporation will post 1.36 EPS for the current fiscal year.

Blue Owl Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 12.5%. The ex-dividend date of this dividend was Tuesday, March 31st. Blue Owl Capital’s dividend payout ratio is 119.35%.

Blue Owl Capital announced that its Board of Directors has initiated a stock buyback program on Wednesday, February 18th that permits the company to buyback $300.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 5.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.