Nordwand Advisors LLC Acquires 64,805 Shares of Blue Owl Capital Corporation $OBDC

Nordwand Advisors LLC grew its holdings in Blue Owl Capital Corporation (NYSE:OBDC) by 166.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 103,750 shares of the company’s stock after purchasing an additional 64,805 shares during the quarter. Nordwand Advisors LLC’s holdings in Blue Owl Capital were worth $1,325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of OBDC. Perigon Wealth Management LLC boosted its stake in Blue Owl Capital by 3.0% in the third quarter. Perigon Wealth Management LLC now owns 30,036 shares of the company’s stock valued at $384,000 after buying an additional 876 shares in the last quarter. NorthRock Partners LLC boosted its stake in shares of Blue Owl Capital by 5.4% in the 2nd quarter. NorthRock Partners LLC now owns 19,106 shares of the company’s stock valued at $281,000 after purchasing an additional 975 shares in the last quarter. MAS Advisors LLC boosted its stake in shares of Blue Owl Capital by 4.1% in the 2nd quarter. MAS Advisors LLC now owns 28,173 shares of the company’s stock valued at $404,000 after purchasing an additional 1,110 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Blue Owl Capital by 1.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 138,171 shares of the company’s stock valued at $1,981,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Csenge Advisory Group increased its position in Blue Owl Capital by 2.7% during the 3rd quarter. Csenge Advisory Group now owns 54,142 shares of the company’s stock worth $691,000 after purchasing an additional 1,434 shares in the last quarter. 42.83% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, VP Neena Reddy bought 7,890 shares of Blue Owl Capital stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average cost of $13.06 per share, for a total transaction of $103,043.40. Following the completion of the acquisition, the vice president directly owned 7,890 shares of the company’s stock, valued at approximately $103,043.40. The trade was a ? increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Craig Packer bought 83,200 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were purchased at an average cost of $11.75 per share, with a total value of $977,600.00. Following the transaction, the chief executive officer directly owned 41,600 shares in the company, valued at approximately $488,800. This trade represents a -200.00% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.11% of the stock is owned by insiders.

Analysts Set New Price Targets

OBDC has been the topic of a number of research analyst reports. Raymond James Financial set a $14.00 target price on shares of Blue Owl Capital and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Citizens Jmp dropped their price target on Blue Owl Capital from $17.00 to $15.00 and set a “market outperform” rating for the company in a research note on Friday, November 7th. Royal Bank Of Canada reduced their price objective on Blue Owl Capital from $16.00 to $14.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 26th. Zacks Research cut Blue Owl Capital from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. Finally, Wells Fargo & Company cut their price target on 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. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $14.56.

Blue Owl Capital Price Performance

Shares of NYSE:OBDC opened at $12.62 on Tuesday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.72 and a current ratio of 0.72. Blue Owl Capital Corporation has a 52 week low of $11.65 and a 52 week high of $15.73. The firm has a market cap of $6.45 billion, a PE ratio of 8.95 and a beta of 0.67. The firm’s fifty day moving average is $12.69 and its 200-day moving average is $13.38.

Blue Owl Capital (NYSE:OBDC) last announced its earnings results 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). The company had revenue of $453.07 million for the quarter, compared to the consensus estimate of $466.81 million. Blue Owl Capital had a return on equity of 10.58% and a net margin of 36.89%. Sell-side analysts predict that Blue Owl Capital Corporation will post 1.71 earnings per share for the current year.

Blue Owl Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date was Wednesday, December 31st. Blue Owl Capital’s dividend payout ratio (DPR) is 104.96%.

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.