Ocean Park Asset Management LLC Acquires New Shares in Blue Owl Capital Corporation $OBDC

Ocean Park Asset Management LLC bought a new stake in Blue Owl Capital Corporation (NYSE:OBDC) during the first quarter, HoldingsChannel.com reports. The firm bought 77,771 shares of the company’s stock, valued at approximately $859,000.

Several other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc lifted its holdings in shares of Blue Owl Capital by 79.6% in the third quarter. IFP Advisors Inc now owns 2,096 shares of the company’s stock worth $27,000 after acquiring an additional 929 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Blue Owl Capital by 166.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 2,115 shares of the company’s stock valued at $27,000 after purchasing an additional 1,320 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Blue Owl Capital during the 3rd quarter valued at approximately $30,000. AG Campbell Advisory LLC bought a new stake in shares of Blue Owl Capital during the 4th quarter valued at approximately $36,000. Finally, Assetmark Inc. acquired a new position in Blue Owl Capital during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 42.83% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Truist Financial dropped their price objective on shares of Blue Owl Capital from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, May 19th. Wall Street Zen cut shares of Blue Owl Capital from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Keefe, Bruyette & Woods lowered their price target on shares of Blue Owl Capital from $12.50 to $12.00 and set a “market perform” rating for the company in a report on Thursday, April 16th. Wells Fargo & Company dropped their price target on Blue Owl Capital from $12.00 to $11.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Finally, Zacks Research raised Blue Owl Capital from a “strong sell” rating to a “hold” rating in a report on Monday, February 23rd. One analyst has 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.00.

Blue Owl Capital Stock Performance

NYSE:OBDC opened at $10.88 on Monday. The stock’s 50-day moving average is $11.24 and its 200-day moving average is $11.72. Blue Owl Capital Corporation has a 1-year low of $10.52 and a 1-year high of $15.19. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.18. The stock has a market cap of $5.40 billion, a P/E ratio of 15.55 and a beta of 0.62.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.04). The business had revenue of $391.00 million during the quarter, compared to the consensus estimate of $422.02 million. Blue Owl Capital had a net margin of 20.21% and a return on equity of 9.76%. Equities research analysts anticipate that Blue Owl Capital Corporation will post 1.27 earnings per share for the current year.

Blue Owl Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.24 annualized dividend and a dividend yield of 11.4%. Blue Owl Capital’s payout ratio is currently 211.43%.

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.