Blue Owl Capital Corporation $OBDC Stock Holdings Trimmed by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund reduced its position in Blue Owl Capital Corporation (NYSE:OBDC) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,853,675 shares of the company’s stock after selling 245,020 shares during the quarter. Blue Owl Capital accounts for about 4.0% of Oregon Public Employees Retirement Fund’s holdings, making the stock its 4th largest holding. Oregon Public Employees Retirement Fund’s holdings in Blue Owl Capital were worth $227,342,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of OBDC. Allspring Global Investments Holdings LLC boosted its stake in Blue Owl Capital by 17.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 14,700 shares of the company’s stock worth $211,000 after buying an additional 2,200 shares in the last quarter. Tranquility Partners LLC grew its stake in shares of Blue Owl Capital by 1.0% during the second quarter. Tranquility Partners LLC now owns 154,855 shares of the company’s stock valued at $2,221,000 after buying an additional 1,464 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in shares of Blue Owl Capital by 15.3% during the second quarter. Concurrent Investment Advisors LLC now owns 231,992 shares of the company’s stock valued at $3,327,000 after buying an additional 30,785 shares during the last quarter. GFS Advisors LLC increased its holdings in shares of Blue Owl Capital by 16.3% in the second quarter. GFS Advisors LLC now owns 98,785 shares of the company’s stock worth $1,417,000 after buying an additional 13,850 shares during the period. Finally, Apollon Wealth Management LLC boosted its stake in shares of Blue Owl Capital by 1.4% during the second quarter. Apollon Wealth Management LLC now owns 131,422 shares of the company’s stock valued at $1,885,000 after purchasing an additional 1,839 shares during the period. 42.83% of the stock is owned by hedge funds and other institutional investors.

Blue Owl Capital Trading Down 0.8%

Shares of OBDC opened at $12.13 on Monday. Blue Owl Capital Corporation has a 1-year low of $12.04 and a 1-year high of $15.73. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.20. The firm’s 50-day moving average price is $13.76 and its 200-day moving average price is $14.12. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 8.03 and a beta of 0.75.

Blue Owl Capital (NYSE:OBDC) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. The business had revenue of $485.84 million during the quarter, compared to analyst estimates of $480.42 million. Blue Owl Capital had a net margin of 38.29% and a return on equity of 11.24%. Sell-side analysts anticipate that Blue Owl Capital Corporation will post 1.71 EPS for the current year.

Blue Owl Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.02 per share. This is a boost from Blue Owl Capital’s previous quarterly dividend of $0.01. This represents a $0.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, August 29th. Blue Owl Capital’s dividend payout ratio is presently 98.01%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on OBDC. Raymond James Financial set a $14.00 price target on shares of Blue Owl Capital and gave the company an “outperform” rating in a report on Tuesday, October 7th. LADENBURG THALM/SH SH upgraded shares of Blue Owl Capital to a “strong-buy” rating in a report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $15.21.

Blue Owl Capital Profile

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.